Student Project iPhone App Acquired by Startup Blosso

So we've just heard on Twitter that Typeplace, an iPhone app that allows users to share and rate pieces of typography, has been acquired by Blosso (@blosso), another startup.

The app was the final year project of University of Ulster design student Barry Hassan (@bahray).

Terms of the deal have not been disclosed. A visit to Blosso.com does not give much information about the company, just that it's in beta and is "A brand new way to accomplish life ambitions."

The company issued a statement via it's Twitter feed confirming it had acquired Typeplace and that it would be used to enable development of Blosso's iOS applications.

We are currently reaching out to both Barry and Blosso for comment. We'll keep you updated as we uncover more information.

Update (13:07pm 26/08/11): Barry is now working as a developer at Belfast-based dev house Rehab Studio: http://www.rehabstudio.com/. We've just heard from a Twitter source that Typeface was originally put up for sale on auction site Ebay but that Hassan allegedly removed it because it did not meet the reserve asking price.

Update (13:35pm): We've just spoken to Blosso's co-founder, Ricki Lee. He did not disclose the terms of the deal except to say that it was an assets purchase: al technology has been acquired. Typeplace has similar functionality, particularly its' social features (such as adding friends), to Blosso: "We are a startup ourselves so if it's cheaper for us to acquire an app with similar functionality than develop it, we'll do it." He said they reached out to Typeplace founder Hassan after he Tweeted about selling the company. The deal was finalised earlier this week. Blosso is a startup that allows users to create lists of dreams they'd like to fulfill, such as skydiving, and connect with people in their vicinity who can help make them happen (such as a skydiving instructor). Lee co-founded the company with Luke Taylor, a university student who did a placement with his other company, GMedia. Blosso is based in Sheffield and has taken no investment to date.

Update (14.27pm): Hassan has just emailed us with the following:

"Typeplace was my final year project for assessment in the Interactive Design course at UU. The app picked up a following thanks to some blog coverage and a devoted community. In August 2011, I decided to sell Typeplace as I no longer had the time to maintain it, that's where the guys at Blosso stepped in. They've agreed to upkeep the app and to my understanding are using some of the code to build their own iOS apps"