AOL Sells Surphace To Outbrain


AOL, Inc. (NYSE:AOL) has sold off a subsidiary called Surphace, a content recommendation company to Outbrain. “In keeping with the AOL strategy, any place where we are not a leader in the category or profitable, we are going to look at partnerships or other alternatives. This is one of those businesses. We are pleased we found a great home for the Surphace technology and its employees,” stated AOL head of venture and local Jon Brod. AOL had acquired Surphace in 2008 for over $25 million when they used to be called Sphere. Sphere co-founder Tony Conrad left AOL in 2009, but came back when About.me was acquired. The financial details were undisclosed.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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