eBay is on a bit of a holiday shopping spree. Weeks after announcing the acquisition of Milo, the e-commerce giant has just bought Critical Path Software.
The Portland-based mobile app developer has been helping eBay develop its mobile offerings, including its primary iPhone app, StubHub, eBay Classifieds and Shopping.com iPhone applications. Financial terms of the agreement were not disclosed.
The acquisition, which seems to center around talent, makes sense considering eBay’s big push towards developing its mobile suite of applications. Most recently, eBay just released barcode scanning app RedLaser (which eBay acquired in June) for Android phones.
Not only is mobile a great way to send traffic to eBay’s marketplace (the primary iPhone app has seen 14 million downloads in two years), but it’s also a a way to make money. eBay is posting record holiday sales through its mobile offerings, and is expected to see over $1.5 billion in mobile sales through its marketplace in 2010.
Founded in 1995 in San Jose, CA, eBay connects millions of buyers and sellers globally in the world’s largest online marketplace, utilizing PayPal to ensure secure transactions. The company also operates specialized marketplaces such as StubHub, the world’s largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. eBay items can be sold either via a silent auction, in which users input the maximum price they are willing to...
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