Facebook is the world’s most popular social networking company and it has acquired more than 40 companies and WhatsApp is its largest acquisition which paid more than $40 per WhatsApp per user. The majority of the companies it acquired are based in United States and in fact many companies are concentrated in Bay Area, San Francisco. Many of the Facebook’s acquisitions have been talent acquisition till now and acquired products are often shut down. Here is the some of the best startups acquired by Facebook.
WhatsApp is the popular proprietary, cross platform instant messaging subscription service for the smartphones. It was founded in 2009 by Brian Acton and Jan Koum, who are former employees of Yahoo. As of October it has more than 600 million users in which India has user base of more than 70 million. It is based in Mountain View, California and employees only 55 people. Facebook has acquired WhatsApp for whooping price of $19 billion in February 2014.
2. WaveGroup Sound
WaveGroup sound is the music production sound based in Fremont, California which is specialized in audio post production and design. The primary notability of this studio is its work on many of the currently popular music games for the different major video game platforms. Facebook has very recently acquired WaveGroup Sound.
PrivateCore is the venture-backed startup based in Palo Alto, California which develops secure server data through the server attestation and memory encryption which fills the gap that exists between data in motion encryption. It was founded in 2011 by the security engineers from Google and VMware with the seed funding from Foundation Capital. Facebook has acquired by Facebook on August 2014.
4. Oculus VR
Oculus VR is an American based virtual reality technology firm founded by Brendan Iribe and Palmer Luckey in 2012 and headquartered in Irvine, California. In March 2014 Facebook has made an agreement to acquire Oculus VR for $2 billion in cash and in Facebook stocks.
Spool is the free social networking platform and the social bookmarking program which was founded in October 2011 at TechCrunch Disrupt. This service lets the users to cache the webpage including any media on the page for the offline consumption on any mobile device. It raised more than $1 million from angel investors in January 2012. Facebook has acquired Spool in July 2012 and what was rumored to be very competitive process.
Face.com is the Tele Aviv based technology company which developed a platform which is efficient and accurate facial recognition in the photos uploaded through web and mobile applications. As of February 2011, the company has discovered more than 18 billion faces across it API and the Facebook applications. This Israel based company has been acquired by Facebook on June, 2012.
Lightbox is a website, android app and the photo blogging platform which lets the users to post the images, texts, links and more to their personal photo blog. It was founded by Thai Tran and Nilesh Patel, Lightbox has received $1.1 million in the seed funding from Accel, Index, SV Angel, 500 startups and others. On May 2012, Lightbox team was acquired by Facebook.
Tagtile is an unique loyalty and the direct marketing solution designed to grow the business. It also acts as customer management solution designed for the local businesses and it was started by two IIT graduates Shoham Mazumdar and Abheek Anand. Facebook has acquired this company on April 2012.
Instagram is an online mobile photo and video sharing and the social networking service which was founded by Kevin Systrom and Mike Krieger in October 2010. It has gained the popularity rapidly and has more than 100 million active users as of April 2012. This was acquired by Facebook in April 2012 for approximately $1 billion is cash and stock.
Drop.io is the popular online file sharing service and lets the users to quickly create drops which could contain the files of any type and could be accessed through internet, email, phone, fax and widgets. On October 2010 the company has announced that it has been acquired by Facebook and that the service could be shutting down.