Facebook buys Israeli startup Onavo (Update)

October 14, 2013
Facebook is ending a feature that allowed users to hide from the billion-plus members of the social network

Facebook will acquire an Israeli start-up called Onavo, the Tel Aviv-based firm said Monday, in a deal reportedly worth up to $200 million.

"Facebook has agreed to acquire our company," Onavo co-founders Guy Rosen and Roi Tiger wrote on their blog, without saying how much the social networking giant had agreed to pay.

Local media reports priced the acquisition at $100-200 million (73 million to 147 million euros) and said it would see Facebook open its first research and development centre in Israel.

Founded in 2010, Onavo develops applications to help users better manage mobile data costs, particularly when they travel abroad.

It also has a corporate arm, which provides businesses with market intelligence about users' application usage.

The website of Israel's Haaretz daily said 30 of Onavo's 40 employees are based in Israel, while the rest work from Palo Alto, California.

Onavo's "Tel Aviv office will remain open for business and will become Facebook's new Israeli office," the blog entry read.

Explore further: Google to buy Israeli GPS app Waze for $1 bln

Related Stories

Facebook says 'simple' app used by 100 million

July 22, 2013

US social network giant Facebook said Monday it has surpassed 100 million users a month using an application designed for "simple" mobile phones widely used in developing nations.

Facebook says 56 million 'like' it in Arab world

October 1, 2013

Facebook announced Tuesday that it has 56 million active users in the Middle East and North Africa, where activists used the social media network to organise Arab Spring uprisings.

Recommended for you

New method analyzes corn kernel characteristics

November 17, 2017

An ear of corn averages about 800 kernels. A traditional field method to estimate the number of kernels on the ear is to manually count the number of rows and multiply by the number of kernels in one length of the ear. With ...

Optically tunable microwave antennas for 5G applications

November 16, 2017

Multiband tunable antennas are a critical part of many communication and radar systems. New research by engineers at the University of Bristol has shown significant advances in antennas by using optically induced plasmas ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.