Snaptu bought by facebook

Snaptu, an app available for any platform (any phone), that turns your favorite websites into ultra fast mobile apps that work on your phone, such as Facebook, Picasa, Twitter and such, have been acquired by Facebook for an estimated amount of USD60-70millions.

Snaptu provides a solution for developing, deploying and maintaining online services, particularly on mobile phones. Just a few months ago, Facebook partnered with the company to launch a rich application specifically for feature phones.

Snaptu was founded in 2007 and is based in London, with offices in Tel Aviv and Silicon Valley.

The company raised over $6 million in venture capital funding from Carmel Ventures and Sequoia Capital.

This marks the second international acquisition for Facebook after Malaysia’s Octazen. It marks its fourth purchase this year, after earlier picking up Rel8tionPursuit and Beluga.


Source:TechCrunch and Snaptu’s Blog

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