Feeds

Yahoo! makes Brit teen app maker VERY RICH with Summly buy

Mobe! News! Scraper! In! Inspirational! Goal!

High performance access to file storage

Yahoo! has agreed to buy Summly - an app created by a 17-year-old Londoner that summarises news stories for smartphones, which only launched last November after Nick D'Aloisio spent two years raising over $1m in funding.

Register readers have probably heard quite enough about Stephen Fry in these pages over the last few days, so we will briefly merely mention that the national voiceover treasure was among the small gathering of celebs who funded or advised the young D'Aloisio.

Yoko Ono, Ashton Kutcher, Facebook's Joanne Shields and Zynga's Mark Pincus also offered support to Summly.

The app disappeared from Apple's online store immediately following Yahoo!'s decision to buy the British startup for an undisclosed sum.

On making presumably oodles of cash from the buyout, entrepreneurial teenager D'Aloisio said of Summly's soon-to-be new home at the Purple Palace:

After spending some time on campus, I discovered that Yahoo! has an inspirational goal to make people's daily routines entertaining and meaningful, and mobile will be a central part of that vision. For us, it's the perfect fit.

When I founded Summly at 15, I would have never imagined being in this position so suddenly. I'd personally like to thank Li Ka-Shing and Horizons Ventures for having the foresight to back a teenager pursuing his dream.

Also to our investors, advisors and of course the fantastic team for believing in the potential of Summly. Without you all, this never would have been possible. I'd also like to thank my family, friends and school for supporting me.

Summly claims to have had 90 million "summaries" read in the past few months since the app first launched. The software he developed will now be baked into "multiple" Yahoo! goods, according to D'Aloisio's expectations. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.