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Tuesday, July 13, 2004

Google Acquires Picassa, Inc - Digital Photo Company:
"Move over Yahoo Photos, here comes Google again on its quest to become the unofficial web portal! Google today announced it acquired Picasa, Inc., a Pasadena, Calif.-based digital photo management company. Financial terms of the deal were not disclosed.

"Picasa enables users to easily manage and share digital photographs, and its technologies complement Google's ongoing mission to organize the world's information and make it universally accessible and useful," said Jonathan Rosenberg, vice president, Product Management. "Picasa is an innovator in the field of digital photography, and we're excited that the Picasa team is joining Google."

Picasa was founded in October 2001. In May 2004, Picasa announced a technology partnership with Google's Blogger service to make publishing digital photos with Blogger faster and easier. Further product integration plans have not been announced. Picasa users will not experience any interruption in service. "

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