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European and South American users too have a reason to be happy; with Qype as a source, they have access to the largest reviews service to explore new local restaurants, places and businesses.
Baidu, Qype, 2GIS, Yellow Pages Australia and Zomato are some of the best local services in their regions and with the support of these partnerships, our users will be able to take advantage of the wealth of local information provided by them," said Viraf Sarkari, COO, Cynapse.
24 October 2012 - US online businesses review provider Yelp Inc (NYSE:YELP) said today it had taken over Germany-based reviews website operator Qype GmbH to speed up the international expansion of the company.
Commenting on the purchase, Yelp's co-founder and CEO Jeremy Stoppelman said he expects Qype to help the company establish itself as "the de facto choice" for local search in the German and UK markets.
Phil Chambers, CTO, Qype GmbH: "We jumped at the chance to become a part of the development of the Ovi SDK Beta, and to bring Europe's best local application to the Ovi platform.
Commenting on the purchase, Yelpa[euro](tm)s co-founder and CEO Jeremy Stoppelman said he expects Qype to help the company establish itself as a[euro]oethe de facto choicea[euro] for local search in the German and UK markets.
Also today, it announced preliminary financial results for the third quarter of the year which showed a revenue of around USD36.4m, adjusted EBITDA of some USD2.2m and a net loss of about USD2m.Country: GermanySector: IT/Online ServicesTarget: Qype GmbHBuyer: Yelp IncDeal size in USD: 50mType: Corporate acquisitionFinancing: Cash & StockStatus: Closed
As well as serving at Yahoo!, Taylor was CEO of Qype, a user generated local review company, and he worked at sponsored search marketing company Overture Inc, which was sold to Yahoo!
Robin Klein, Venture Partner at Index, said, “We're delighted to be working with Andrew and Doug, experienced entrepreneurs whom we know well from their track records at Gumtree, Qype and Zoopla.
Andrew Hunter was mostly recently VP Marketing and General Manager of local review site Qype, where he grew the site from 0-17m monthly unique visitors in 2 years.
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