After some time and minor setbacks in acquisition procedures, Google managed to cut a deal with Fly Labs. Google buys Fly Labs for an undisclosed sum of money.
For those of you who are unaware of what or who Fly Labs is, here are a couple of facts that you should know about them. Fly Lab was a startup, which began in New York City and produced video-editing tools for mobile users.
The same Fly Lab studio was behind a very popular set of video-editing tools designed specifically for people who don’t have too much time on their hands to attend to photo and video editing. The quartet of powerful video-editing tools comes to the aid of those who are always on the run, but can stop, from time to time, for a quick selfieupload.
Fly Lab takes pride in its achievements on the market of video-photo editing tools. The company reported that since the launch of their apps, approximately 20 million videos were uploaded on social networks and circa 3 million users have downloaded their software.
Although Fly Lab staff assured their fans that this will not be the end of great video-photo editors such as Clips, Tempo, Fly or Crop, they also stated that there will be no future updates for these applications. The staff also mentioned that all pre-paid or paid application available on the mobile store can now be downloaded for free. But after the transaction between them and Microsoft has been closed, users won’t be able to download these tools.
In a letter of recognition posted on their official website, Fly Lab staff members announced that they will shortly begin collaboration with the tech giant. They pleased at the fact that they have been integrated in the Google Photos team from Mountain View.
In the same statement regarding how Google buys Fly Labs, the team members wrote down a few words about their philosophy so far. They said that their mission was to make video-photo editing easier for users around the world. And a memory is far more entertaining if it has the right frame and some pizazz. They stressed out that creativity is the very soul of their company.
Fly Lab’s acquisitions comes as no surprise for the stock market. According to the numbers, the context was just right for Google to sweep in and take the shot because the startup firm reported their lowest income in six years this month.