Facebook, in its attempt to improve its mobile applications further, has agreed to acquire certain assets of UK based Monoidics, a leading pioneer in code verification software, as announced in a blog post.
The terms and amount of deal are still undisclosed. However, the Monoidics technical team, will be joining the Facebook’s London office after completion of the deal.
“We have always focused on hiring smart, talented engineers – and in this acquisition, we found many. Their entrepreneurial spirit and desire to make an impact make them great additions to Facebook. We can’t wait to have them here!”, said Philip Su, Director, Facebook, London Engineering Office.
Launched in 2009, Monoidics help clients to comply with the challenges related to high integrity, security and performance of their software products.
As per the reports, the move came in after the recent launch of Android Beta Program and frequent iOS and Android updates. This might create problems related to security breach and bugs in apps. Though, with Monoidics now at Facebook side, the things can assumed to be under control.
The Monoidics team seems to be equally excited, as revealed in its blog post which says,” We’ve gone from theoretical ideas in logics of programs all the way to a company with a world-class engineering team, real customers and an office right in the midst of London’s Silicon Roundabout. It’s been incredible journey. . . we’ve loved every minute of it”.
Recently, Facebook also acquired the startup Parse for an amount of $85 billion, to enter into business service provider segment, providing back end services to thousands of mobile applications.
Facebook is on an aggressive mobile traffic building strategy since the release of its Q1 earnings report, making a 30% rise in mobile advertising revenue. It also launched facebook Home, a mobile experience for android that puts people before apps and makes the phone a more social experience but that really couldn’t take off much.Category Internet News