AOL Sells Surphace To Outbrain
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
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.