Visual search engine, Quintura, announces that it has sold its patent technology to an unnamed buy for $600,000. According to CEO Yakov Sadchikov, the price is four times the amount they had initially invested in the company. He also says, “we invested the cash from the patent sale into developing mobile apps as well as improving our kids-friendly search at QuinturaKids.” The children’s search feature has since gone live in Nokia’s Ovi store as a mobile app.
The only thing that was said about the buyers is that they are a “newly registered, ‘clean’ company”.
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