AOL announced that it has acquired Yedda, a leading semantic social search Questions and Answer service. Yedda will operate as a wholly owned subsidiary of AOL.
Founded in 2006, Yedda employs patent-pending technology that automatically matches questions to other related questions and topics, while selecting the best available users to answer the question. Yedda's semantic matching technology intelligently routes questions to relevant communities of Internet users who can "syndicate" their expertise and spark a community-wide dialogue of people invited to discuss and learn from each other's experiences.
Using Yedda's technology, AOL will incorporate the Questions and Answer functionality into select programming areas on AOL.com and will further integrate "Questions & Answers” into its experiences in the coming months.
Founded by Avichay Nissenbaum and Yaniv Golan, Yedda employs approximately 20 people and will continue to operate in the U.S. and throughout Europe. Yedda’s R&D center will continue to be based in Israel. Financial terms of the deal were not disclosed.