Time Out Group acquires recommendation software company

Time Out Group has acquired LikeCube, a software company that creates tailored recommendations for users, for an undisclosed sum.

Time Out: acquires LikeCube software company
Time Out: acquires LikeCube software company

The software uses semantic analysis to give web and mobile web users better recommendations based on "taste graphs" generated from visits, and pairs users with "taste neighbours" who share similar tastes and interests.

David King, Time Out Group's CEO, said: "LikeCube will ensure Time Out can deliver the best, most relevant recommendations to its customers, making sure they get the most out of their time and money".

Eleanor Ford, LikeCube's co-founder, said: "We are delighted to see personalisation and a renewed focus on innovation at the heart of Time Out.

"Our starting point at LikeCube was to allow users to discover the most relevant places, based on what they like and what people like them like, with Time Out this will become a reality".

In November, Time Out London sold a 50% stake to private equity firm Oakley Capital for around £10m, and said it would focus on expanding the group's digital offerings.

The investment valued Time Out Group at more than £20m and resulted in the group rolling out online-only advertiser-funded magazines around the world.

Time Out reported its online monthly global unique users are now up year on year at seven million.

The group's UK print magazine has a monthly circulation of 55,316 according to the Audit Bureau of Circulations, down 9.9% year on year.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Rajar Q3 2014: Heart London breakfast crashes into sixth place

Rajar Q3 2014: Heart London breakfast crashes into sixth place

London's commercial radio stations have taken a pummelling to their weekly audience figures, with the big four all shedding listeners year on year and Heart's breakfast show sliding to sixth place.

Share
Rajar Q3 2014: commercial radio tightens the gap on the BBC

Rajar Q3 2014: commercial radio tightens the gap on the BBC

Commercial radio tightened the gap between it and the BBC, according to the latest Rajar audience figures.

Share
Rajar Q3 2014: Real stations keep Heart beating above 9m

Rajar Q3 2014: Real stations keep Heart beating above 9m

Heart has been keeping a tight grip on its nine million weekly listeners, according to the latest Rajar radio audience figures.

Share

Get news by email