Infochimps, a marketplace to buy, sell and share any list, spreadsheet or dataset in the world, today announced the acquisition of Data Marketplace, a Y Combinator-incubated startup that helps people find, buy and sell data online. With the acquisition, Infochimps is absorbing Data Marketplace’s domain, brand, datasets and technology platform into Infochimps’ holdings, and while the purchase price was not disclosed, it has been reported as an all-cash transaction.
“We’re excited to be extending our accessibility through the acquisition of DataMarketplace.com,” said Nick Ducoff, Co-Founder and CEO ofInfochimps. “Our acquisition was strategic in nature, aligning with our overarching strategy to be the destination on the web for data and data services.”
Following this acquisition, Infochimps is now the world’s largest open marketplace for data with over 10,000 free and paid datasets available for download. With over 600 API users and the top 20 datasets being downloaded over 30,000 times, Infochimps has built a sizable community through organic growth and strategic initiatives.
We had the opportunity to ask Nick a few questions about recent developments at the company.
You’ve been hiring some very talented people lately. Give us some details?
We recently hired Michelle Greer as our Community Manager, previously Sr. Mgr. Corporate Communications at Rackspace and most recently consultant for eHarmony helping them leverage their data to build a community. Michelle won the inaugural Austin American Statesman Texas Social Media Award in 2009. Additionally, we brought on Kurt Bollacker as a Consulting Data Scientist to work on Wukong 2.0 and other data projects. Previously Kurt was Chief Scientist at Metaweb (the makers of Freebase), which was acquired by Google. Kurt serves on the LongNow Foundation.
What does this acquisition do for you as a company?
Just as Salesforce recently extended their brand with database.com, we’re excited to extend ours with datamarketplace.com, which fits well into our overarching strategy to be the destination on the web for data and data services. We’re building a database (exposed to end users in the form of a catalog) containing all of the web’s data. Currently we list over 10,000 datasets and we expect that number to grow exponentially as we continue to build out tools to index the web’s data. When we don’t have something listed on our site, we will send users to datamarketplace.com where they can submit requests (listing what they want and what they’ll pay) to the site’s user base which will crowdsource the data for the user looking for it.