Two weeks ago, I announced the exciting news that Kosmix had agreed to be acquired by Walmart, the world’s largest retailer. At that point, the deal was signed but subject to customary closing conditions. Today, I’m delighted to announce that the closing conditions have been fulfilled and that the deal is officially closed.
Today is the last day in the life of Kosmix as an independent company. It is a day to look back with pride at our accomplishments. I’m proud of our pioneering development of breakthrough semantic analysis technology, and of applying it to real-time social media streams to create the Social Genome. I’m proud that we built RightHealth into one of the top three health and medical information sites by global reach. I’m extremely proud that we touched so many people each and every day: in March, our properties RightHealth, Tweetbeat, and Kosmix.com together served over 17.5 million unique visitors worldwide, who spent over 5.5 billion seconds on our services. But most of all, I’m proud of being part of the Kosmix team, and having the privilege of working with a team of extremely talented and passionate individuals who, over the course of the past several years, went from coworkers to family.
Today also is the first day in the life of @WalmartLabs. As I wrote in my prior post, our mission is to invent the next generation of ecommerce: integrated experiences that leverage the store, the web, and mobile, with social identity being the glue. We are at an inflection point in the development of retailing. Social media and the mobile phone will have as profound an effect on the trajectory of retail in the early years of the 21st century as did the development of highways in the early part of the 20th century. @WalmartLabs, which combines Walmart’s scale with Kosmix’s social genome platform, is in a unique position to invent and build this future.
I’m also delighted that the entire Kosmix crew, without exception, will be part of this exciting new journey. If you are interested in joining a talented and passionate team working at the crossroads of social media, mobile, and commerce, give us a holler. @WalmartLabs is hiring!
P.S. To stay tuned, follow @WalmartLabs on Twitter.
Congratulations, Anand!
Posted by: Greg Linden | May 03, 2011 at 11:12 AM
Congrats, very exciting mission.
Posted by: Amr Awadallah | May 03, 2011 at 01:38 PM
Great job guys! :)
Posted by: Janine Hosey | May 03, 2011 at 08:56 PM
Congratulations Anand!
Posted by: Mitul | May 03, 2011 at 11:45 PM
Congratulations Anand, Venky, and Kosmix!
Posted by: Sriram | May 04, 2011 at 01:55 PM
Signed on with Walmart?! That's a real shame...
Posted by: anon | May 04, 2011 at 06:48 PM
Congrats, very exciting mission.
Posted by: Pinoy Tv | May 05, 2011 at 10:33 PM
Congratulations!
Posted by: Freon | May 16, 2011 at 06:24 PM
ok! It sounds good.
Posted by: brooch | May 16, 2011 at 06:28 PM
Congratulations Anand!
Posted by: louboutins | June 01, 2011 at 02:20 AM
Let us remember this history, and answer our destiny and remake the world once again.
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Nithya
http://www.dewdropsindia.in
Posted by: Nithya | June 07, 2011 at 11:03 PM
Congratulations!!! Great job @tweetbeat and best of luck @WalmartLabs #Monsterlove xD
Posted by: RoyaltyGaga | June 15, 2011 at 03:00 PM
really annoying.. do we get to see tweetbeat again??
Posted by: Click_amogh | June 19, 2011 at 01:45 PM
maybe we can try that.Ah, the high heeled shoe. Medically speaking, These are the ones that help keep podiatrists in business with a steady flow of patients.
Posted by: CL high heel | June 29, 2011 at 12:15 AM
Congratulations Anand! We knew you had something terrific! Looking forward to following your evolution.
Posted by: Josh Cole | June 30, 2011 at 10:08 PM
It's okay... love looking at your lovely post.
Not much words needed, really.
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Congrats on @WalmartLabs! I was wondering if you could give me some feedback of a new venture which provides real time traffic in India.
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Social media and the mobile phone will have as profound an effect on the trajectory of retail in the early years of the 21st century as did the development of highways in the early part of the 20th century. @WalmartLabs, which combines Walmart’s scale with Kosmix’s social genome platform, is in a unique position to invent and build this future.
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