Quantcast

Facebook to buy firm specializing in voice translation



In this May 18, 2012 file photo provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the Nasdaq opening bell from Facebook headquarters in Menlo Park, Calif. AP File Photo

NEW YORK CITY – Facebook has agreed to acquire Mobile Technologies, a firm specializing in voice translation software, the two companies said Monday, without providing financial details of the transaction.

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.”

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 percent.








Recent Stories:

Billy Crawford finally admits romance with Coleen Garcia 2 mins elapsed Senators remain unimpressed with Aquino execs’ defense of DAP 7 mins elapsed Juan Direction member Daniel Marsh allegedly mauls taxi driver 20 mins elapsed Man beheads mother, claims she’s an ‘aswang’ 49 mins elapsed Naked thieves take burgers from Florida eatery 51 mins elapsed 18 children, 1 man die in train-bus crash in India 53 mins elapsed SC: BIR chief’s request for justices’ SALN has no sufficient basis 56 mins elapsed Abad’s delegation of signing authority not a problem—Palace 60 mins elapsed
Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement Advertisement
Advertisement
Marketplace