The latest Web2.0 acquisition has been orchestrated by - you guessed it - Google. MeasureMap is an easy to use tracking and reporting system that shows bloggers just how many people are visiting their sites, where they're from, what they look at, and other blog metrics. Simple idea + Good execution = money in the bank for the people at Adaptive Path. There was no report on the value of the purchase.

Canada has a number of small firms working on products like this but without a strong Angel market our best ideas are either exported to the US or are left to wither on the vine. When will we catch on to the opportunities innovative young companies generate locally?