Startup Summify Sold and Shuttered

Sold to Twitter, short-lived Summify is soon to be dismantled.

Image: Vimeo

The Summify founders who sold to Twitter just 10 months after launch won’t be managing their creation under the Twitter umbrella, but instead seem to have been bought out for the sole purpose of having some free time to work for the social-networking giant.

“Our long-term vision at Summify has always been to connect people with the most relevant news for them, in the most time efficient manner,” the company announced in a statement. “As hundreds of millions of people worldwide are signing up and consuming Twitter, we realized it’s the best platform to execute our vision at a truly global scale.”

The Romanian founders, Mircea Paşoi and Cristian Strat, moved to Vancouver after being accepted to startup incubator Bootup Labs, and also served as Microsoft interns. According to GeekWire, the pair refused job offers from both Facebook and Google, opting instead to go into business for themselves with the email news-summary company.

Before they sold to Twitter for an undisclosed amount and packed their bags for Silicon Valley, Summify was funded by RealNetworks founder Rob Glaser, Flickr cofounder Stewart Butterfield, and Accel Partners, just to name a few.

Unfortunately for fans of the briefly vibrant startup, Twitter has no plans to maintain any part of the product for much longer. The Frequently Asked Questions section of Summify’s site says they will disable new account registrations immediately, remove several features, and “at some point” shut down the site altogether.

It was a good run, Summify. Good luck at Twitter.