Following up Yahoo and Apple on Monday, Intel has some mergers and acquisitions news to wrap up before the year is done too.
The processor giant buying Hacker League, a private organization that plans and organizes hackathons. Examples of previous events have not been limited to enterprise customers either.
With more than 450 events already under its belt, tome of the more original hackathon themes promoted by Hacker League have been dedicated to launching music startups, TV app concepts, and the future of food.
The Hacker League team confirmed the deal in a statement on its website on Tuesday, specifying that it is set to merge with "Mashery, an Intel Company."
Co-founder Mike Swift added that he "be working closely with the Mashery team to make sure that the existing Hacker League developer community and hackathon organizers continue to get the best value out of Hacker League."
Intel. At that time, the API services and tech provider had already worked with over 170 brands to power approximately 44,000 active applications created by roughly 200,000 developers. Examples included Comcast, Klout, Rdio, and Travelocity.
But the addition of Hacker League will mean that Mashery can speak even more to its developer community, which has since grown to more than 235,000 developers who have retrieved API keys with more than 88,000 active applications in development or in production.
Swift argued that "those developers are looking to showcase their coding talent and API knowledge as they learn to create and prototype at hackathons." The idea is that Hacker League will offer that showcase.
Financial terms of the deal have not been disclosed.