LinkedIn Picks Up a Strong Pulse


LinkedIn, the largest professional network on the Internet, weighing in at more than 200 million members worldwide, has announced that it will acquire Pulse, a news reader app and mobile content distribution platform.

Pulse, a San Francisco-based company which is owned by Alphonso Labs, Inc. is rumored to be bought by LinkedIn for anywhere from $50 to $100 million, with sources quoting $90 million as the likely price.

Pulse was founded in 2010 by Akshay Kothari and Ankit Gupta while they were still students at Stanford University. It has since become a go-to platform for content consumption on the Internet, and now claims more than 30 million users who have activated its iOS and Android-based news reader apps in more than 190 countries and in nine languages. Forty percent of Pulse's users reside outside the U.S. More than 750 publishers distribute their content through Pulse.

Top investors in Pulse include Redpoint Ventures, Greycroft Partners, Mayfield Fund, Lightspeed Investment Partners, New Enterprise Associates, and Lerer Ventures. 

Deep Nishar, SVP of Products and User Experience at LinkedIn, praised Pulse's “considerable talent, technology, and products,” adding that LinkedIn was “thrilled” to bring the firm aboard the company's growing content offerings.

“We believe that they will help us accelerate our ability to deliver to our members the insights they need to be better at what they do, on any device," Nishar said.

The motive behind the acquisition is clear – LinkedIn is looking to become the “definitive professional publishing platform,” says Nishar, who adds that “Pulse is a perfect complement to this vision.”

 The acquisition is expected to be finalized during the second quarter of 2013. Members of the Pulse staff will move to LinkedIn at the company's Mountain View, CA, headquarters. The company's existing line of apps will remain.

Edited by Rory J. Thompson

Contributing Writer

Related Articles

Coding and Invention Made Fun

By: Special Guest    10/12/2018

SAM is a series of kits that integrates hardware and software with the Internet. Combining wireless building blocks composed of sensors and actors con…

Read More

Facebook Marketplace Now Leverages AI

By: Paula Bernier    10/3/2018

Artificial intelligence is changing the way businesses interact with customers. Facebook's announcement this week is just another example of how this …

Read More

Oct. 17 Webinar to Address Apache Spark Benefits, Tools

By: Paula Bernier    10/2/2018

In the upcoming webinar "Apache Spark: The New Enterprise Backbone for ETL, Batch and Real-time Streaming," industry experts will offer details on clo…

Read More

It's Black and White: Cybercriminals Are Spending 10x More Than Enterprises to Control, Disrupt and Steal

By: Cynthia S. Artin    9/26/2018

In a stunning new report by Carbon Black, "Hacking, Escalating Attacks and The Role of Threat Hunting" the company revealed that 92% of UK companies s…

Read More

6 Challenges of 5G, and the 9 Pillars of Assurance Strategy

By: Special Guest    9/17/2018

To make 5G possible, everything will change. The 5G network will involve new antennas and chipsets, new architectures, new KPIs, new vendors, cloud di…

Read More