Blog Post

Groupon Buys Mobile Development Firm

Looks like Groupon is plotting a big mobile push. The company has purchased, a mobile development firm which has worked on a number of high-profile products, including Yahoo’s Sketch-a-Search iPhone app and OpenTable’s apps for Android and the Palm (NSDQ: PALM) Pre. In a blog post, Groupon — which launched an iPhone app just last month and still doesn’t seem to have an official presence on Android — says the “core” of its mobile team is coming through the deal. was founded by Mihir Shah, a former senior director of product management for Yahoo (NSDQ: YHOO) Search and Yishai Lerner, a former executive at Carrier IQ. Terms of the purchase were not disclosed, although the acquisition likely didn’t cut into Groupon’s cash pile very much. The social deal-finding site raised $135 million in a round just two weeks ago, bringing its total backing to more than $165 million.