In a bid to further garner more users across globe, Facebook has acquired Mobile Technologies, a developer of voice recognition and translation tools which has been around for the last 12 years. Facebook did not reveal terms of the transaction but they did reveal that the members of the Mobile Technologies team would be joining the social network.
“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. We believe this acquisition is an investment in our long-term product roadmap as we continue towards our company’s mission“, Facebook Director of Product Management Tom Stocky said in a post.
Founded in 2001, Mobile Technologies develops speech recognition and machine translation technology. The company’s flagship product is free mobile app on Android and iOS – ‘Jibbigo Translator’ that automatically translates speech from more than 20 languages. The company also developed “the first automatic, simultaneous interpretation service for lectures and deployed it in educational settings.”
One way the social network is already trying to connect more people worldwide is through its Facebook For Every Phone initiative. It announced in July that more than 100 million people use that app every month. It is not yet clear exactly where and how Facebook will use the technology. However, the acquisition will surely help Facebook develop voice recognition capabilities for its diverse userbase of 1.1 billion. Facebook is working to enhance its search offerings more broadly through Graph Search which it rolled out for the US users. It recorded a 53% revenue in Q2 and its stock price almost came closer to its IPO price for the first time last month.
Image Courtesy | slashgear