Social media giant Facebook has acquired Osmeta, a Silicon Valley-based mobile technology startup, for an undisclosed sum.
Devices that members of the Osmeta team have worked on from the Osmeta site.
While there does not yet appear to be any official announcement of the transaction, Facebook has confirmed to a number of outlets -- including VentureBeat -- that it did in fact purchase Osmeta last week. Interestingly, Osmeta does not yet have any products in official release. The company’s website states that
We are working on really, really interesting software technology. It's big. We will tell you more when the time is right.”
Not much other information is provided on the Osmeta site. The company, founded last year, has a 19-person engineering team consisting of “world-renowned hackers and highly accomplished researchers capable of herculean software engineering.” Osmeta employees have previously worked for big names such as Google and Yahoo Research and on projects such as Android and Chrome OS. The company also says it is looking to hire programmers and software engineers, although it is uncertain if the Facebook acquisition would alter these plans.
Interestingly, on April 4, Lexity.com Founder/CEO Amit Kumar posted a tweet stating,
However, the tweet got little to no attention until now.
Facebook Looks to Protect Home
According to VentureBeat, the acquisition “will likely help Facebook beef up new mobile technologies like its new Facebook Home environment that sits on top of mobile devices running Android.” The article also points out that Facebook was likely more interested in what seems to be a pretty impressive set of talent at Osmeta, rather than any actual technology as the company does not have any.
Mobile Ad Revenues Drive Facebook Mobile Interest
Facebook is probably also generally interested in mobile technology and mobile development talent these days based on how important mobile advertising is becoming to the company’s bottom line. In January, CMSWire reported that as of the end of 2012, the company now brings in nearly a quarter of its revenue from mobile and its skyrocketing mobile performance could be even more impressive this year. Presumably the importation of top-flight talent would help Facebook reach that goal.
Also Osmeta does make several claims to be working on some kind of top secret technology that holds the potential to disrupt the mobile market. Certainly Facebook knows what this secret project is, and maybe Facebook agrees about its potential.