Social networking giant Facebook is a company that has its fair number of offices considering the size to which it has grown over the years, and this time around, we have received news that it will be picking up an Israeli mobile technology startup – in addition to opening up its first office in Israel. Now, that would definitely be one of the more natural things for them to do instead of relocating the Israeli mobile technology startup elsewhere, right? In a statement that was issued today, Facebook claimed that they picked up Israeli mobile utility application developer Onavo in order to assist the social media giant in coming up with superior mobile products as well as to help connect more people worldwide to the Internet (and of course, to jump aboard the Facebook bandwagon).
The firm in question is Onavo, and to think that it was founded a mere three years back only to have it picked up by Facebook is definitely something to mull over in terms of its progress and capability. Onavo rolls out technology which compresses content in order for mobile users to be able to use more data. Interestingly enough, Onavo also has an office in California. Just how much did Facebook pay to take over Onavo? Israeli media reported a figure in the sum of more than $100 million, but Facebook declined to comment on the matter.