Critical Path Software's mobile development talent and expertise will
help strengthen eBay's position as a leader in mobile commerce
SAN JOSE, Calif.--(BUSINESS WIRE)--
eBay Inc. (NASDAQ:EBAY) today announced it has acquired Critical Path
Software, a leading mobile application developer that has worked with
eBay for more than two years to help deliver popular mobile apps such as
the eBay
for iPhone® app, and StubHub,
eBay
Classifieds and Shopping.com
iPhone applications. Critical Path Software's proven mobile development
capabilities will play an integral role in enabling eBay to accelerate
improvements to the mobile experience for customers globally. Terms of
the agreement were not disclosed.
"We're very serious about innovating in mobile commerce, and this
acquisition underscores our commitment to bringing the very best and
brightest in the field to eBay," said Mark Carges, chief technology
officer and senior vice president, global products, eBay Marketplaces.
"Integrating the Critical Path Software team into eBay will be a big win
for mobile shoppers around the world; combined with the talent on our
team today, we can make shopping and selling anywhere, anytime, for
almost anything, even better."
With more than 200 million listings available globally at any given time
on eBay, shoppers have access to a wide selection of merchandise right
from their mobile phones. eBay Mobile collaborated with Critical Path
Software most recently on eBay Inc.'s most popular mobile app, the iPhone
2.0 core eBay app, which has been downloaded by more than 14 million
times since its launch in 2008. Critical Path Software also was a key
contributor in developing mobile apps enabling users to buy tickets
on-the-go on StubHub;
search local listings on eBay
Classifieds; and access more than 7,000 global merchants on Shopping.com.
About eBay Inc. Mobile
eBay launched its first application for the iPhone in July 2008 and has
since become a leader in mobile commerce. Its core iPhone application,
which is available free via iTunes in eight languages and 190 countries,
has been downloaded more than 14 million times and allows users to fully
browse and buy without leaving the application. The eBay app for the
iPad™ debuted in the top ten most downloaded free iPad apps in the
iTunes Store and delivers a dramatically different, visually compelling
shopping experience to browse and purchase the vast selection of
products available on eBay. eBay's suite of mobile apps, including
Selling, Classifieds, StubHub and Deals, make selling and buying
possible virtually anywhere, anytime. In 2009, eBay's mobile gross
merchandise volume (GMV) — the value of all goods sold — was more than
$600 million. eBay expects to generate $1.5 billion in GMV through
mobile commerce in 2010.
eBay Inc.'s PayPal™ division has been delivering mobile payments since
2005 and has a mobile app for iPhone®, Android™, BlackBerry® and
Windows® Phone 7 smartphones, as well as SMS and WAP-based payments
solutions. PayPal offers merchants an easy way for shoppers to checkout
on mobile websites via Mobile Express Checkout and mobile developers can
use PayPal for in-app payments using PayPal's Mobile Payments Library.
In 2009, $141 million in payments were transacted over PayPal's mobile
applications and PayPal expects to close out 2010 with more than $500
million in mobile payment volume from five million PayPal members
worldwide.
For more information on eBay Mobile, visit www.ebay.com/mobile.
About eBay Inc.
Founded in 1995 in San Jose, Calif., eBay Inc. connects hundreds of
millions of buyers and sellers globally through eBay, the world's
largest online marketplace, and PayPal, which enables individuals and
businesses to securely, easily and quickly send and receive online
payments. We also reach millions through specialized marketplaces such
as StubHub, the world's largest ticket marketplace, and eBay classifieds
sites, which together have a presence in more than 1,000 cities around
the world. For more information about the company and our global
portfolio of online brands, visit www.ebayinc.com.
All designated trademarks and brands are the property of their
respective owners.
About Critical Path Inc.
Critical Path Software is a leading mobile application development
company, based in Portland, Oregon, built on a foundation of pioneering
the growth of new technologies since 1991. The company was one of the
first developers to create mobile experiences for the iPhone®, Android™
and Windows® Phone 7 platforms. Critical Path Software has helped create
mobiles apps that are consistently the top apps in their respective
categories, such as lifestyle, shopping, health and fitness and travel.
Critical Path Software is a team of talented software developers and
quality assurance (QA) professionals, with a constant drive to improve
the mobile user experience.
Forward-Looking Statement
This announcement contains forward-looking statements relating to the
future performance of our businesses that are based on its current
expectations, forecasts and assumptions. These statements include, but
are not limited to, statements regarding eBay's plans for Critical Path
Software and mobile applications and future growth in mobile commerce.
Those statements involve risks and uncertainties, and actual results may
differ materially from those discussed. Factors that could cause or
contribute to such differences include, but are not limited to: the
continuing impact of the global economic downturn, changes in political,
business and economic conditions, including any conditions that affect
ecommerce or mobile commerce growth; fluctuations in foreign currency
exchange rates; the company's ability to profitably integrate, manage
and grow businesses that have been acquired recently or may be acquired
in the future; the company's need to increasingly achieve growth from
its existing users, particularly in its more established markets; the
company's ability to deal with the increasingly competitive ecommerce
and mobile commerce environments, including competition for its sellers
from other trading sites and other means of selling, and competition for
its buyers from other merchants, online and offline; the company's need
to manage an increasingly large enterprise with a broad range of
businesses of varying degrees of maturity and in many different
geographies; the effect of management changes and business initiatives;
the company's need and ability to manage other regulatory, tax and
litigation risks as its services are offered in more jurisdictions and
applicable laws become more restrictive; any changes the company may
make to its product offerings; the company's ability to upgrade and
develop its systems, infrastructure and customer service capabilities at
reasonable cost; and the company's ability to maintain site stability
and performance on all of its sites while adding new products and
features in a timely fashion.
More information about potential factors which could affect our business
and results is included in eBay's Annual Report on Form 10-K for the
year ended December 31, 2009, its Quarterly Reports on Form 10-Q, its
Current Reports on Form 8-K, and other periodic filings. All
forward-looking statements are based on information available to eBay on
the date hereof, and eBay assumes no obligation to update such
statements.
eBay Inc.
Press Hotline, 408-376-7458
press@ebay.com
Kathy
Chui, 408-218-9257
katchui@ebay.com
Source: eBay Inc.
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