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Wibiya Officially Acquired By Conduit

Today Wibiya and ConduiT officials accounted it in public. Though they dont publish on any price but our source says toolbar software developer ConduIT has acquired social toolbar applications developer Wibiya Ltd. for $45 million.

They have announced this on their blog

Wibiya + Conduit = Love at First “Site”

We are very pleased to announce that Wibiya has officially been acquired by Conduit, the world’s biggest network of web and mobile app publishers.

We have always been great admirers of Conduit, whose free network and platform empower publishers of all sizes to grow their business by creating, exchanging, and distributing apps, and collaborating through business partnerships.

The entire Wibiya team is very excited to become part of the Conduit family, as joining forces will enable us to continue innovating and creating great products for you, our publishers. Both companies clearly share a common vision of providing publishers with the best solutions for their businesses, and the natural synergy between the two teams means we frankly can’t wait to start working together.

What does this mean for you, as a valued Wibiya user?

1) Everything is business as usual at Wibiya, but will become bigger, faster and more powerful.
2) More good things!

We couldn’t be more excited about how Wibiya’s future is shaping up. We have big plans as part of the Conduit team, including some amazing new products which we will be launching later this year.

Our goal as a company remains as it always was:

To create a world in which our tools enable businesses, blogs, e-commerce sites, and publishers of all sizes to establish a viable online presence (including social tools, communication tools, earning money and much more) without any need for technical skills or knowledge – allowing them to concentrate on what’s really important to them: their core business.

We also want to take this opportunity to thank all of our partners and publishers, whose constant support and loyalty continue to be the reason we do what we do.

If you have any questions or comments, please don’t hesitate to contact us through our Facebook page or Twitter account, or just e-mail us directly at: info@wibiya.com.

Make sure you check out the Conduit site and create some great apps to engage your users when they’re away from your website, for free!

We also got to know Dror Ceder, Daniel Tal and Avi Smila founded Wibiya in 2008. Investors include Oren Zeev, former Bank Hapoalim chairman Shlomo Nehama (who owns 4% of the company), high-tech guru Yossi Vardi (who owns 7%), Oded Vardi, Jeff Pulver, and Primera Capital (24%). According to Israel Venture Capital, Wibiya raised $2.5 million.

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