Facebook Has Acquired Mobile Developer Parse

Facebook has acquired the mobile development company Parse. The terms of the deal were not disclosed, though TechCrunch is reporting that the transaction cost the social network $85 million, part of which will be paid in cash, part in stock.

Facebook explained the acquisition on the blog: “By making Parse a part of Facebook Platform, we want to enable developers to rapidly build apps that span mobile platforms and devices. Parse makes this possible by allowing developers to work with native objects that provide backend services for data storage, notifications, user management, and more.”

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