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Facebook To Acquire Monoidics A UK Software Startup

Monoidics

Facebook is bringing on some new talent as well as assets centered around software development.

The world’s largest social network is in the process of acquiring the assets of and the team behind Monoidics, a U.K. startup founded in 2009 to develop automatic formal verification and analysis software.

The Monoidics team confirmed the merger in a statement on the London-based company’s website today.

Here’s an excerpt:

However, we have always looked for ways we could do even more, and when we met members of Facebook’s engineering team, we realized how much we have in common: a relentless focus on quality, a desire to move fast and try new things, and a passion for making an impact. Right away we knew this was our chance to take what we’ve built to the next level. Joining the Facebook team opens up a world of new opportunity for our technology and for our individual and collective scientific expertise.

Financial terms of the agreement have not been disclosed. The Monoidics team will be moving into to Facebook’s “growing” London offices and join the engineering team there when the deal is complete.

The move marks another step for Facebook’s evolving global strategy. Share your thoughts in the comments below and don’t forget to like this post.

Source: Associated Press

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