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Facebook's Latest Acquisition Of Mobile Technologies Could Help Expand Its Global Reach And Mobile Presence

by Nizar on 2013-08-22 at 11:48:43


Facebook (NASDAQ:FB), on Monday, announced that it has acquired  Pittsburgh-based Mobile Technologies, which specializes in speech recognition and machine-translation technologies, for an undisclosed amount, in a move that opens up ample possibilities for the social networking giant to strengthen its mobile strategy.

“We are 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,” Mobile Technologies said, in an announcement on the company's website.

Founded in 2001, Mobile Technologies is the company behind the Jibbigo translation app, which is available on both Android and iOS platforms. The app, which was launched in 2009 and is capable of running online and offline, translates more than 25 languages -- a feature that can be helpful for world travelers to communicate in a foreign land.

A Facebook spokesperson told TechCrunch that the company would continue to support Jibbigo for now but did not reveal whether the company would integrate the translation technology into its mobile applications.



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