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Nairaland Forum / Science/Technology / Webmasters / Apple Buys Nigeria’s Chinedu’s App (773 Views)
Apple Buys Chinedu Echeruo’s Hopstop.com For A $1 Billion / Apple Acquires Chinedu Echeru's HopStop.com / Yahoo Buys Tumblr For $1.1 Billion (2) (3) (4)
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Apple Buys Nigeria’s Chinedu’s App by olabukola: 12:23pm On Jul 22, 2013 |
Apple buys Nigeria’s Echeruo’s app Apple has acquired Chinedu Echeruo’s HopStop.com, according to The Wall Street Journal’s publication, AllThingsDigital. Founded in 2005, HopStop.com makes mobile applications for both iOS and Android that cover over 300 cities. The application helps people get directions or find nearby subway stations and bus stops. Terms of the deal had not been disclosed as at the time of this reporting. HopStop has often been compared to Israel’s Waze which was recently acquired by Google for $1.1 billion. The move is seen as Apple’s plan to bolster its map offering especially given Google’s recent acquisition of Waze. A serial entrepreneur, Echeruo grew up in the East and attended King’s College, Lagos. He attended Syracuse University and the Harvard Business School in the United States and founded HopStop.com after working for several years in the Mergers & Acquisitions and Leveraged Finance groups of J.P Morgan Chase where he was involved in a broad range of M&A, Financing and Private Equity transactions. He also worked at AM Investment Partners, a $500 million volatility-driven convertible bond arbitrage hedge fund. He founded and raised nearly $8 million for his two U.S based internet companies; Hopstop.com and Tripology.com. Tripology.com was acquired in 2010 by American travel and navigation information company, Rand McNally. He was named Black Enterprise Magazine’s Small Business Innovator of the year and listed in the magazine’s Top 40 under 40 and is currently a partner and head of the Principal Investing group at Constant Capital, a West Africa based investment bank. True to form, Echeruo is working on yet another venture but this time, focused on small businesses in Africa. |
Re: Apple Buys Nigeria’s Chinedu’s App by olabukola: 12:27pm On Jul 22, 2013 |
Nigerians overseas are making us proud, our politicians back home are fighting like market women/men. What a shame. |
Re: Apple Buys Nigeria’s Chinedu’s App by Hadeyeancah(m): 12:49pm On Jul 22, 2013 |
This is kind of Naija people I want to hear about not like some IDIOT PAEDOPHILE KIND LIKE SEN. YERIMA 1 Like |
Re: Apple Buys Nigeria’s Chinedu’s App by geeez: 1:13pm On Jul 22, 2013 |
Impressive |
Re: Apple Buys Nigeria’s Chinedu’s App by Ogonimilitant(m): 1:17pm On Jul 22, 2013 |
This Igbo people the try small sha |
Re: Apple Buys Nigeria’s Chinedu’s App by kettykin: 1:48pm On Jul 22, 2013 |
Ogoni militant: This Igbo people the try small sha How is this a small feat please |
Re: Apple Buys Nigeria’s Chinedu’s App by backtosender: 2:44pm On Jul 22, 2013 |
geeez: ImpressiveThe geezzy!you acknowledge it,you are different my geezzy,that means you think big like us.. |
Re: Apple Buys Nigeria’s Chinedu’s App by Adejoro74: 3:31pm On Jul 22, 2013 |
olabukola: Nigerians overseas are making us proud, our politicians back home are fighting like market women/men. What a shame. This was you few weeks ago https://www.nairaland.com/583750/ibos-advantage-20-30-yrs-time |
Re: Apple Buys Nigeria’s Chinedu’s App by pazienza(m): 3:37pm On Jul 22, 2013 |
Ogoni militant: This Igbo people the try small sha Why tribalize it, why can't he just be a Nigerian? Why must you point out the obvious? *SMH* |
Re: Apple Buys Nigeria’s Chinedu’s App by seunfly: 3:42pm On Jul 22, 2013 |
If we remove our government from d equation, then Nigerians are great people. Anyway kudos to the man. I hope we won't turn this thread to ethnic bashing. |
Re: Apple Buys Nigeria’s Chinedu’s App by Afam4eva(m): 3:46pm On Jul 22, 2013 |
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