Tuesday, April 24, 2012

NileGuide Acquired By Travora Media

San Francisco-based The Nile Project, the online travel site operator which operates NileGuide, 10Best, and Localyte, has been acquired by New York-based Travora Media. Financial terms of the acquisition were not disclosed. Josh Steinitz, CEO of Nile Media, will become part of Travora Media's executive team. Nile Media was venture backed by Draper Richards, KPG Ventures, Austin Ventures, and Tenaya Capital. Travora is backed by Rho Ventures, Village Ventures and StarVest Partners.