Facebook Adds ‘Talent’: Buys Octazen Solutions
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Facebook has bought up under-the-radar Octazen Solutions, in what the company says is a “small talent acquisition.” Facebook’s statement: “We’ve admired the engineering team’s efforts for some time now and this is part of our ongoing effort to add experienced, accomplished technical talent.”
SEE ALSO: Facebook Buys Sharing Service FriendFeed For Reported $50 Million
Octazen describes itself on its website as a “webmail contacts importer” and GigaOm, which first reported the acquisition, says that Facebook was already using the firm to “grow its number of users by encouraging them to invite their email contacts.” (AllFacebook runs through some reasons why Facebook may have wanted to take the additional step of buying the company here).
This is Facebook’s first acquisition since it bought up social sharing service FriendFeed over the summer in a deal that was also described as mainly being driven by a desire to add talent.
However, unlike FriendFeed—which continues to operate separately seven months later—Facebook has already moved to shut Octazen down; an announcement on the Octazen website says the company is winding down operations and will no longer accept new customers.
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Community, Companies, Facebook, octazen
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