Reinvent Inc. issued a press release on Wednesday, officially announcing the purchase of ThreeWords.me.
“We are always looking for great ideas to nurture and develop,” said Dr. Kevin Ham, CEO, Reinvent. “ThreeWords.me is a simple application that has the potential to transform the way people express and track sentiment online. We are starting to make gradual improvements to the site with a full relaunch to feature an updated platform that will retain simplicity but boast deeper functionality.”
Though the official press release went out this week, news of the purchase by Reinvent had already been reported by Mashable on January 19th, shortly after Mark Bao, the 18-year-old technology entrepreneur, had put the website up for sale.
Check out the full press release below.
Vancouver, Canada, February 2, 2011 — Reinvent Inc., an emerging business incubator for innovative online start-ups, today announced the acquisition of popular web application, ThreeWords.me (http://threewords.me/). The application launched on December 22, 2010 and has since experienced rapid growth, approaching 5 million visitors and 17 million page views in just over a month.
“We are always looking for great ideas to nurture and develop,” said Dr. Kevin Ham, CEO, Reinvent. “ThreeWords.me is a simple application that has the potential to transform the way people express and track sentiment online. We are starting to make gradual improvements to the site with a full relaunch to feature an updated platform that will retain simplicity but boast deeper functionality.”
ThreeWords.me has been a labor of love and I’m excited to hand it over to the team at Reinvent,” said Mark Bao, 18 year-old creator of ThreeWords.me. “The company has an incredible vision matched by technical expertise. I believe that they will be able to take what I started and create a revolutionary new way for people to express their opinions online.”
Reinvent is an expanding incubation house for strategic, creative and passionate entrepreneurial businesses. The company’s portfolio currently includes socially conscious daily deal site, GoodNews.com and Black Friday resource site, BlackFriday.com. In addition to the incubator projects, Reinvent is also a pioneer of domain names and advertising networks with a massive online global network that currently receives 30 million unique visitors a month. Reinvent’s founder, Kevin Ham has garnered international attention and accolades for building one of the largest domain companies in the world. In 2008, Dr. Ham was the recipient of the Ernst & Young Entrepreneur of the Year award in Technology for the Pacific Region.
About Reinvent Inc.
Headquartered in Vancouver, Canada, Reinvent Inc., is a global Internet company founded more than ten years ago that specializes in business incubation, direct navigation, online advertising, syndication and domain ownership. The company also recently received the AlwaysOn Global Top 250 Private Companies in 2010 distinction. For more information about Reinvent Inc., visit http://www.reinvent.com/. For more information about GoodNews.com visit http://goodnews.com. For more information on BlackFriday.com visit http://blackfriday.com.
