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'Yahoo!' acquires Indonesia-based firm Koprol

Internet giant 'Yahoo!' announced its acquisition of Indonesia-based mobile phone networking firm Koprol and revealed that it plans to use its global presence to introduce the Jakarta-based firm to other parts of the world.
AFP | By HT Correspondent, San Francisco
UPDATED ON MAY 25, 2010 12:42 PM IST

Internet giant 'Yahoo!', on Monday, announced that it has acquired Koprol, an Indonesia-based Internet service that lets people use mobile telephones to instantly tap into nearby people and places.

"Users are increasingly relying on mobile devices to communicate and access the Internet and they are looking for seamless integration between those devices and PCs," said Rose Tsou, senior vice president, Asia Region at Yahoo!.

"Koprol was uniquely designed for mobile phones and within a year has already built a strong user base." Yahoo! plans to use its global presence to introduce Jakarta-based Koprol to other parts of the world. However, the financial terms of the deal have not been disclosed as yet.

Koprol lets people "check-in" to locations using Web browsers on mobile phones and then see which other users are nearby and their activities, in a fashion similar to US's location-based social networks Foursquare and Gowalla.

Koprol users can share tips, reviews, pictures and other information in real-time with other users in proximity. Koprol provides tips about local businesses, such as popular shops and restaurants, based on user ratings including a "thumbs-up" feature that elevates favored places to the top of the rankings.Users can also start or join discussions based on particular locations and invite friends to participate.

"We are excited to join Yahoo! and look forward to the opportunities being part of a global Internet leader presents," said Fajar Budiprasetyo, co-founder of Koprol.

"This is a great success story for the online community in Indonesia and demonstrates that innovation is recognized wherever it occurs," he added.

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