Facebook to buy speech recognition and language translation app developer - Business Today

Home /BIZ WRAP /Deal Watch /Story BT Online Bureau    Wellington   Last Updated: August 13, 2013  | 13:49 IST PHOTO: Associated Press Facebook Inc is reportedly set to acquire Mobile Technologies, the developer of a speech recognition and language translation app, in a bid to boost the company's mobile ventures. According to Stuff.co.nz, the social network giant has not yet disclosed the financial terms of the deal. The report said Mobile Technologies was founded in 2001 and was the maker of the free Jibbigo Translator mobile app that automatically translates speech from more than 20 languages. Facebook's rivals including Google and Apple use voice recognition features in their products and the social media giant following their footsteps does not come as a surprise after its mobile advertising took the company shares soaring. Such a feature would only help it further enhance the service. The social network company's management director Tom Stocky seconded the point, saying voice technology has become an increasingly important way for people to navigate mobile devices and the web. With inputs from ANI Amazon CEO to buy Washington Post Jet-Etihad deal now awaits Sebi, CCI nod New York Times company sells Boston Globe Govt to announce changes in import duties today Fodder scam: SC rejects Lalu's plea Court stays proceedings against FB, Google via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH2Jjh9lufqBAMMRRjea5tr6Lbfrw&url=http://businesstoday.intoday.in/story/facebook-to-buy-voice-recognition-app-developer/1/197741.html

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