facebook 2015 acquisitions in janauary month

Hi friends facebook again started their acquisitions. In the january month facebook acquired two companies.One was wit.ai and another was quick fire.Wit.ai is used to do tasks by recognizing speech.For this process just we have some lines of code.QuickFire used to transcode videos and also it is cloud based .We can upload a one hour video within 6 minutes where others took 30 – 60 minutes (i.e) 5 to 10 times faster.


Wit.ai says about the acquisition on 5th january 2015,


The most interesting journeys involve unexpected surprises.
For a long time I’ve been obsessed with building machines that understand human languages. 18 months ago, we started Wit.ai with the vision that no solution is to be found in a closed, centralized, managed approach. We’ve been building an open, distributed, community-based platform that makes it easy for developers to build apps that users can talk to.
A great community of 6000+ developers joined forces on the platform, and Wit.ai is already powering hundreds of apps and devices. We gathered an incredible group at our LISTEN conference in November. But we are just scratching the surface of the problem.
That is where today’s big news comes in: Wit.ai is joining Facebook!
It is an incredible acceleration in the execution of our vision. Facebook has the resources and talent to help us take the next step. Facebook’s mission is to connect everyone and build amazing experiences for the over 1.3 billion people on the platform – technology that understands natural language is a big part of that, and we think we can help.
The platform will remain open and become entirely free for everyone. Developers are the life of our project and the energy, enthusiasm and passion of the community has helped turn what was once just a lofty dream, into a reality. We want to continue to build with you.
We wouldn’t be where we are without the developers, investors, and mentors who believed in us. We want to thank everyone who has been a part of the first leg of this journey. This is just the beginning.
Team Wit

QuickFire says about the acquisition on 8th january 2015,


We’re excited to announce today that we are joining Facebook.
QuickFire Networks was founded on the premise that the current network infrastructure is not sufficient to support the massive consumption of video that’s happening online without compromising on video quality. QuickFire Networks solves this capacity problem via proprietary technology that dramatically reduces the bandwidth needed to view video online without degrading video quality. Over the past few years, the team has worked hard to meet the demanding needs of content creators around the world. Ultimately our goal has always been to provide a premium quality, immediate, bandwidth-friendly video experience to consumers.
Now we’re ready to take the next step in our growth. Facebook has more than one billion video views on average every day and we’re thrilled to help deliver high quality video experiences to all the people who consume video on Facebook.
As part of this, some key members of our team will be joining Facebook and we will wind down our business operations. We will be reaching out to individual customers and partners, but if you have any questions or concerns, don’t hesitate to let us know by emailing us at info@quickfirenetworks.com.

The information took from the acquired sites and we given here for information purpose only.
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