Portland startup Lucky Sort has been acquired by Twitter and will be shutting down its service in the coming months as company employees move to Twitter’s revenue engineering department.
Lucky Sort, founded in 2011, crunches trends and patterns in live text-based data streams to help users better predict market movements. The startup packaged that information into easy-to-read visualizations.
Terms of the deal were not disclosed.
— Twitter (@Twitter) May 13, 2013
— Noah Pepper ? (@noahmp) May 13, 2013
From Twitter’s Senior Director of Product for Revenue Kevin Weil:
Really excited to join forces with the @luckysort team. Self-serve analytics FTW.
— Kevin Weil (@kevinweil) May 13, 2013
Tech Crunch reports that Lucky Sort had raised $600,000 before today’s deal.
Here’s what CEO Noah Pepper wrote on the company webpage:
Two years ago I started Lucky Sort with several friends. Our goal was to make huge document sets easier to analyze, summarize and visualize by building elegant and user friendly tools for text analysis.
Today I’m very excited to announce that our journey has entered a new phase: Lucky Sort has been acquired by Twitter!
Several of us will be moving to San Francisco to join Twitter’s revenue engineering department, so if you’re in the neighborhood and want to talk about text mining or data visualization give us a shout.
We’ll be helping current customers transition off our system in the coming months such that we can focus fully on our future at Twitter.
In building Lucky Sort we had an enormous amount of support from friends, employees, advisors and investors. It has been uplifting to have so many people help us and it highlighted just how much business is a social endeavour.
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