Twitter working to enhance its quality and speed has brought TenXer for $50 million to provide its developers and content providers a quality platform.
The acquisition recently confirmed by tenXer CEO and co- founder Jeff Ma stating that they have brought it for under $50 million.
“We will be shutting down tenXer and continuing our work within Twitter,” said Ma. “We are excited to apply what we’ve learned in the last three years to a world-class engineering organization” he said.
The company had raised about $5 million with investors including True Ventures, Google Ventures and Khosla.
Its CO- founder and CEO Jeffery Ma had recently also informed to their customers noting about acquisition and closure. In its letter to customers she had sincerely extended her war wishes to them. Here are its excerpts.
“Thanks for your interest and support in tenXer. When we first started tenXer, our goal was to improve the way people worked by using data and analytics to increase transparency and visibility.
Over time, we have found that tenXer’s tools and expertise are useful for improving productivity within several organizations. We have received very positive feedback from our customers, including an offer from Twitter to join forces. Today it is with much excitement that I announce that the tenXer team will be joining Twitter and continuing tenXer’s mission within the walls of its San Francisco office. We are excited about the idea of taking what we’ve learned over the last three years and applying it to a world-class engineering organization.”
“Unfortunately, this means that our tools will no longer be available to our other customers. We will be shutting down tenXer at the end of the week and will refund any payments on a pro-rated basis for the remainder of the month. Should you have any questions, please don’t hesitate to reach out to me. I want to thank you for all of your support and for choosing tenXer. We are sorry that we won’t be able to continue working with you, but are excited for our future with Twitter. Jeffrey Ma,CEO, tenXer” states in the letter.
Keeping close look at the development taking place in twitter, certainly acquisition is going to add to its strength. Users can wait for some time for its more features announcement. They can wait and see the features and can select the best suitable options for them.