Facebook scoops up stealth mobile software startup Osmeta
Facebook (NASDAQ:FB) has acquired Osmeta, a Mountain View, Calif.-based mobile software startup co-founded in mid-2011 by former Google (NASDAQ:GOOG) and IBM executive Amit Singh. A Facebook spokesperson confirmed the deal to TechCrunch but offered no additional comment. Financial terms are unknown.
Because Osmeta has not released a consumer product, little is known about the firm; the "About" page on its Website simply states its team assembles "world-renowned hackers and highly accomplished researchers capable of herculean software engineering." The site also features a photo depicting 25 different mobile devices of all makes and models, suggesting that Osmeta's technology is designed for multi-platform distribution.
Amit Kumar, CEO of e-commerce platform Lexity and Singh's longtime friend, suggests that Facebook acquired Osmeta to bolster Facebook Home, its new alternative homescreen for Android smartphones promising users more immediate and efficient access to applications and social media.
"'Osmeta'--a reference to 'meta operating system'--[is] potentially a virtualization technology that allows you to run the same 'core functionality' on top of any (potentially mobile) hardware," Kumar told TechCrunch. "What if Facebook decided that, strategically, they need Facebook Home to transcend every mobile device--not just Android. Perhaps what Osmeta has built so far lets them spread Facebook Home across this fragmented device ecosystem, quickly, in a scalable fashion and achieve a consistent, Facebook-centered experience, across all devices."
- read this TechCrunch article
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