Facebook has acquired Spool, a mobile bookmaking site. In a post on the company’s blog, the Spool team told users that it was joining forces with the world’s largest social network, but details on the acquisition have yet to be revealed.
The San Francisco based start-up was into mobile content consumption, an area Facebook wants to significantly improve in. The service was particularly unique since it could save all sorts of web content, including images and PDF files, and it also allowed you to push content easily to your friends.
Spool’s existing service will be shut down as part of the acquisition. It has recommended existing users to synchronize their Spool bookmarks with competing products Pocket and Delicious.
Founded in 2010 by Avichal Garg, a former Google Product Manager who also founded education start-up PrepMe, and Curtis Spencer, previously of Kosmix and Oracle Spool, Spool has five employees and all of them are moving to work for the social-networking giant.
“We are proud to announce that today we will be pursuing our vision as a part of Facebook. We are extremely excited to accelerate our vision and help Facebook’s users connect and share with the people in their lives”, read a post on company blog.
Spool raised $1 million in January of this year from SVAngel, Charles River Ventures and these funds will be used for Spool’s post-Spool plans.
Facebook’s statement: “The Spool team has deep expertise in mobile software development and a passion for making content easy to consume. We’re excited for the team to join and accelerate their vision at Facebook”, according to a statement given to VentureBeat.
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