Google Quietly Bought A Startup In May For $120 Million – Here’s The Biggest New York City Exit No One Knows About
On May 19, Google acquired a startup for $120 million in cash and stock, making it one of the largest New York exits of 2014.
One-third of the company’s 70 employees became millionaires. Everyone kept their jobs. And the founders are leading Google’s Android enterprise group.
But most people have never heard of the company, Divide, or its CEO, Andrew Toy, age 36. The acquisition was reported, but no price was disclosed and it read like a fire sale.
Divide is a mobile productivity app that allows employees to carry one device instead of two to work. Once downloaded, the app splits a phone into two modes: work, which can be controlled and monitored by a corporate IT department, and personal, which IT departments don’t have access to, for regular enjoyment.
How does a $120 million acquisition slip through the cracks?