Home > Headlines > Facebook purchase application developer Tagtile.

Facebook purchase application developer Tagtile.

TagtileSan Francisco: Facebook Inc is purchasing the team of developers following customer-loyalty application Tagtile, adding to its proficiency in mobile software. Financial terms weren’t revealed.

Menlo Park, California-based Facebook said that “We’re happy to confirm that Tagtile’s founders are joining Facebook, and that Facebook is acquiring substantially all of the company’s assets.”

The world’s largest social-networking service is reinforcing its talent pool in preparation to take the company public this year. The Tagtile deal pursues Facebook’s $1 billion planned acquirement of mobile photo app Instagram, announced prior this week.

Facebook also proclaimed that businesses can send people coupons that consumers after that print out or redeem using mobile phones.

The company is preparing to lift $5 billion in its initial public offering (IPO), which would the major internet IPO ever, the reports said. Facebook will be valued at so far as $100 billion in the stock sale, the reports said.


Leave a comment