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It's official: Google buys Waze

Written by Andre Yoskowitz (Google+) @ 11 Jun 2013 20:08 User comments (4)

It's official: Google buys Waze After weeks of speculation, and bids from Facebook and Apple, Waze has been officially acquired.
Google, an unlikely suitor except for the fact that they are one of the biggest mapping companies on the planet, has pulled the trigger, buying the Israeli startup for over $1 billion.

Reads the release:

We've all been there: stuck in traffic, frustrated that you chose the wrong route on the drive to work. But imagine if you could see real-time traffic updates from friends and fellow travelers ahead of you, calling out "fender bender...totally stuck in left lane!" and showing faster routes that others are taking.

To help you outsmart traffic, today we're excited to announce we've closed the acquisition of Waze. This fast-growing community of traffic-obsessed drivers is working together to find the best routes from home to work, every day.

The Waze product development team will remain in Israel and operate separately for now. We're excited about the prospect of enhancing Google Maps with some of the traffic update features provided by Waze and enhancing Waze with Google's search capabilities.

We'll also work closely with the vibrant Waze community, who are the DNA of this app, to ensure they have what's needed to grow and prosper.

The Waze community and its dedicated team have created a great source of timely road corrections and updates. We welcome them to Google and look forward to working with them in our ongoing effort to make a comprehensive, accurate and useful map of the world.

Tags: Google Waze
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4 user comments

111.6.2013 20:27

Ive been using Waze off and on for my phone for a little over a year now, and I always thought that the idea behind it -- a "social media" GPS -- was golden, particularly the part about being able to be alerted of speed traps or cops nearby, and also unexpected congestion. What it always lacked was a large enough population in the U.S. to live up to its potential. Hopefully with Google as the -- pardon the pun -- driving force behind it now, it can grow some wings.

211.6.2013 21:38

Agreed.

The Waze team deserves a big hand of applause!

312.6.2013 7:52

On what is normally a six hour road trip this weekend, we were stuck for two additional hours in a one mile stretch of I-10. Where do I sign up??


Geordie in Houston...

415.6.2013 22:11

Thank god!

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