Google Snaps Up Canadian Start-up BufferBox

Parcel pickup kiosk operator BufferBox Inc. is moving on up to Google Inc., quite literally, after being acquired by the huge tech firm.

Pictured: Mike McCauley poses with BufferBox's pilot model of its self-serve parcel pick-up kiosk installed at the University of Waterloo in February.
That's because home base for the team behind the Waterloo, Ont.-based startup is the VeloCity Garage inside the Communitech Hub startup incubator, located in the famed Lang Tannery building in the warehouse district -- downstairs from Google's regional office.

On Friday, Google announced it has acquired the not-quite-two-year-old startup for an undisclosed sum, which means the team at BufferBox will be moving their operations up a flight of stairs to join the Google team on the upper floor of the building.

While the physical move will be a short one for BufferBox, the trio of University of Waterloo graduates who created the company are hoping to leverage Google's considerable resources to quickly scale their business and change the way people think about e-commerce and shipping packages.

"Being a small company and a startup, there's obviously a lot of challenges," BufferBox chief executive Mr. McCauley said in an interview.

"So us being able to work very closely with someone like Google allows us to leverage their resources and share vision and combine thoughts and talent together to really make something a lot bigger than we ever would have imagined. We're really excited to be able to build out that vision quite a bit quicker than we otherwise would have without them onside."


SOURCE: Matt Hartley
Financial Post
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