Apple has acquired Chinedu Echeruo’s HopStop.com, The Wall Street Journal’s publication, AllThingsDigital reports. Founded in 2005, HopStop.com makes mobile applications for both iOS and Android that covers over 300 cities and that helps people get directions or find nearby subway stations and bus stops. Terms of the deal have not been disclosed as at the time of this publication.

HopStop has oft been compared to Israel’s Waze which was recently acquired by Google for $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, Chinedu Echeruo grew up in Eastern Nigeria and attended Kings 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.
http://www.cp-africa.com/2013/07/20/apple-hopstop-com/

How much did they buy it for? Chinedu don hit jackpot oo

Afam4eva: How much did they buy it for? Chinedu don hit jackpot oo

Sir, they said "undisclosed" na. How we wan take know nau?

Seun, i take God beg you...nor sell Nairaland o!!

Good news, only if we could be more innovative like the asian tigers, our leaders don't give a hoot about the welfare of d youth, instead they are discussing under-age marriage .

Good news there.

Mashable couldn't even mention that the owner is a Nigerian but if it were to be a scam story, they won't hesitate to mention a "Nigerian Prince".

nenergy: Seun, i take God beg you...nor sell Nairaland o!!

Lol

This is good for him sha

Good work from my Ibo brother.

Brilliant.....positive news worth celebrating

Neva get upset wen ppl prefer sme1 elz 2 u cuz itz hard 2 convince monkeyz dat strawberriez r swita dan bananaz

This is the kind of news we pray for in naija about our ppl.. Not nigerian terrorist bombing in uk or whatever.. Not forgetting some pedophiles in senator's clothing passing bills

There is definitely hope for naija

wow! Great minds = great things = great bucks!!

Nice one... Power of creative thinking.

Him own don better
Nigeria,good nation good people

nenergy: Seun, i take God beg you...nor sell Nairaland o!!

LooooooooL.. Not even for "undisclosed" fee.

Dis is gud news to all southerner...we hope dis motivate more of our youth...emulate gud things pls

Hmmm am even fnkn of buying nairaland from seun's hand sef d only difference would b dat d Osewa will change to adebayo cos it will still b seun's website and d 1st fin I will do is to ban everybody banable
Jst 4 fun I tell u power feels good

On the topic most guys will look at d bigger picture nobody will look at hw dis guy started small ie wen d website was nofin am sure he earned nofin more dan peanuts he had to wait 4 good seven yrs b4 he ripped his benefits unlike most youths dat wanna b billionaires in 1 week
Lesson: patience is d key rome was nt built in a day

ndi bee anyi, mmamma nu o.

Good One!!

Congrats
Google go still buy my own app sef
Watch out!!

Oh cool...didn't know Hopstop was owned by a Nigerian.

hmmm,that is good. seems the chinedu is staying in usa

"Chinedu Echeruo"!

Da'z all. Say no more!!

MoNEY ooooo

nenergy: Seun, i take God beg you...nor sell Nairaland o!!

And who do you think will be interested to buy a website where teenagers make meaningless posts such as "first to comment" and tribal bigots throw aspersions on each other? Nobody wants to purchase liability.

hmmm

lincolnj88: Dis is gud news to all southerner...we hope dis motivate more of our youth...emulate gud things pls

U made a mistake, stop famzing
Its EASTERNER