Share this Article
Techcrunch is reporting that Intel has bought the assets of Hackerleague - one of the net's most popular free online platforms for organising hackathons.
Intel's acquisition spree continues apace, with the latest being made to augment one of its other recent acquisitions. It is buying Hacker League, a popular platform for managing hackathons, which will be incorporated with the API management company Mashery(acquired April 2013).
The terms of Hacker League deal are not being disclosed but we understand it is for a sum significantly smaller than the $180 million Intel reportedly paid for Mashery. Only the platform, IP and other assets are coming over to Intel; the three co-founders Mike Swift, Abe Stanway, and Ian Jennings, who are all in their early 20s, are not.
...Adding Hacker League will mean that Mashery (and Intel) will be significantly ramping up their events for developers. Mashery is involved in some 80 hackathons annually, while Hacker League has powered some 460 events worldwide since October 2011, with a database of some 6,000 hacks from those events. (The hackathons it has powered includes the one that kicks off TechCrunch Disrupt, our flagship conference.)
Mashery and Hacker League already had friendly relations before this, crossing paths in the hackathon circuit. “We have a lot of respect for Mashery,” Swift told me. “This is the best possible place for Hacker League to go. I got really excited by the idea of Mashery taking it to places where we couldn't.”
Co-founder of New York-based Hacker League, Mike Swift talked to The Next Web:
I don't feel that he feels the platform’s potential has been tapped yet."
Mashery says that it will invest in the technology to make it “even better for developers and hackathon organizers.”
By not only managing APIs for customers like Best Buy, Comcast and Thomson Reuters, but by also offering software on which to run those customers’ hackathons, Mashery can offer a more complete package of services.