FACEBOOK has agreed to buy Mobile Technologies, a firm specialising in
voice translation software.
Founded in 2001, Mobile Technologies is best known for developing the
Jibbigo mobile application for speech-to-speech language translation.
"I'm excited to announce that we've agreed to acquire Mobile
Technologies, a company with an amazing team that's behind some of the world's
leading speech recognition and machine translation technology," Facebook's
Product Management Director Tom Stocky wrote in an online posting.
"Voice technology has become an increasingly important way for
people to navigate mobile devices and the web, and this technology will help us
evolve our products to match that evolution.
In a separate statement, the smaller firm said it was "excited to
announce that Facebook has agreed to acquire Mobile Technologies and that once
the deal has closed many of us will be joining the company at their
headquarters in Menlo Park, California".
Neither company revealed the cost of the sale.
Despite having over one billion monthly users, Facebook has struggled to
climb out of the wreckage of its disastrous stock market debut more than a year
ago.
The social network has appeared to be on an upward trajectory, however,
following an earnings report last month that showed a big jump in mobile
advertising revenue and sent shares soaring more than 40 per cent.
0 comments:
Post a Comment