Twitter buys Spindle, social media
Spindle app

More social functionality on the way from Twitter with the announcement that it has just bought Spindle Labs for an undisclosed sum. It is not clear what Twitter is going to do with Spindle’s local information app it, but it looks like Twitter is going to swallow it whole and churn it up sometime in the future as a new Twitter product. 

Twitter, Spindle

News of the acquisition was confirmed on the Spindle blog in a post that thanked the people that supported it and confirmed that its iOS local information provision app would, at least for the moment, be disappearing.

There really is no information on what is going to happen to the Spindle app and the blog post doesn’t help. Anything that has appeared about the deal is purely speculation as Twitter hasn’t said much either, and it isn’t even disclosing what it paid for it. The blog goes as follows:

Every time we've experimented and looked beyond local discovery, we've been amazed by the breadth and quality of content shared on Twitter," the post stated. "By joining forces with Twitter, we can do so much more to help you find interesting, timely, and useful information about what's happening around you.

Spindle was set-up three years ago by three former employees of Microsoft’s Research and Development Center in Cambridge, Massachusetts.

In the short three years in existence it managed to raise US$ 2.3 million in venture capital funding, which might give some idea of the price that Twitter has paid for it.

Using that as a guide, it’s likely that price was small change for Twitter for something that has the potential to wonders for its local traffic.

Local Information App

Currently, the app has a limited reach and is only available in few urban centers like Boston, Chicago or Los Angeles. Whether Twitter extends that reach in whatever form the app takes when it finally reappears remains to be seen.

In the version that was available until this week, mobile users were able push local notifications out to other people as well as offer them the ability to post those notifications directly onto social networks. Spindle itself described the app as a “tacit” mobile search application that sorts through data available through social networks and offers users local points of interest.

After that, not a lot else is known other than the fact that the office on the East coast is to be closed and the team of nine will all be moved to Twitter’s San Francisco office.