The social network giant, Facebook, just acquired a new small company again as a part of its aggressive growth.
The company is the cloud service firm, Parse, a provider of developer tools for apps in different mobile platforms. Facebook announced this acquisition and confirmed it in their blog today. According to TechCrunch, the deal was closed at around $85 million in cash and stock.
With this move of Facebook, it is not only focusing from being a social network but a business service provider as well.
Parse is responsible for the toolbox . . . → Read More: Facebook Acquires Parse for $85 Million in Cash and Stock
After working for two years with Mozilla, the most popular internet browser and open source software company, CEO Gary Kovacs will step down from its position.
The Mountain View-software company is a non-profit firm but has a for-profit arm said in a blog post that Gary Kovacs steps down but will stay on the board.
Mr. Kovacs started working with Mozilla in October 2010, succeeding and continuing the efforts of the former CEO John Lilly, who also stepped down from its position to join the Greylock Partners. Gary Kovacs already had a good background . . . → Read More: Mozilla CEO Gary Kovacs Steps Down, Mozilla Announce Changes of Staff and Promotions
The New York Times reported that Motorola Mobility is planning to cut down its workforce by twenty percent and shut down almost a third of its offices all over the world.
According to the new Chief Executive of Motorola, Dennis Woodside, as the company is planning to go out from unprofitable markets, end the making of low-end devices and gadgets, and just focus on a small quantity of cellular phones instead of dozens, they will be cutting off their workforce. One-third of the four thousand jobs will be coming from their departments in United States.
The company also plans to . . . → Read More: Motorola Mobility to cut off its workforce and offices by 20%