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Facebook has acquired mobile app maker Onavo for a reported $150m to $200m, bagging its first office in Israel in the process.
Palo Alto-based Onavo announced over the weekend that it had been swallowed by the social network, but it didn't disclose details of the deal. However, Israeli newspaper Calcalist claimed that Facebook spent up to $200m on the analytics firm.
The three-year-old biz - which makes apps for tracking mobile internet use and compressing downloaded data - said its software would continue to be touted as a "standalone brand" by Facebook.
It also tracks app usage for developers, and reassured users that it "remains committed to the privacy of people who use our application".
It added that the social networking giant would be taking over Onavo's Tel-Aviv office and turning it into the first Facebook office in Israel.
"We're excited to join [Facebook's] team, and hope to play a critical role in reaching one of Internet.org's most significant goals – using data more efficiently, so that more people around the world can connect and share," Onavo co-founders Guy Rosen and Roi Tiger wrote in a blog post, referring to the social network's project to get the five billion folks currently offline onto the web. ®
via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHyBk6ECLWf2AvJfm4sjbG422PdXg&url=http://www.theregister.co.uk/2013/10/14/facebook_acquires_onavo/
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