San Francisco – Google (NASD: GOOG) is acquiring Jambool, the developer
of a virtual monetization platform, TechCrunch reported.
The report cites sources
who say the purchase price was $55 million plus an earnout worth another
San Francisco-based Jambool was founded in 2006, and to date
has raised at least $6 million in venture capital financing, from investors
including Bay Partners, Madrona Venture Group, Charles River Ventures, Bay
Partners and The Hit Forge.
The company’s service lets developers build virtual
payment platforms into their applications and online games.