Sat, 20 Jul 2013 | BUSINESS SALE
Software analysis start-up Monoidics is to sell some of its company's assets to Facebook.
Monoidics - which is based near London's technology start-up hub, Silicon Roundabout - develops automatic formal verification software. The company uses mathematical analysis and academic research to create the software.
Facebook is thought to be interested in using the technology to improve the code quality of its mobile apps, which have become well-known for all the wrong reasons due to their high rate of crashes.
A post on Monoidics' website commented on the acquisition: “We have always looked for ways we could do even more, and when we met members of Facebook’s engineering team, we realised how much we have in common: a relentless focus on quality, a desire to move fast and try new things, and a passion for making an impact.”
Philip Su, director of Facebook's London engineering office, added that the acquisition will provide Facebook with access to “smart, talented engineers”. He added: “Their entrepreneurial spirit and desire to make an impact make them great additions to Facebook.”
Monoidics was founded in 2009 by Dr Dino Di Stefano, an Italian scientist and entrepreneur. He founded the company with the plan to improve software quality by using computer science. He received the Roger Needham award from the British Computer Society last year for his distinguished contributions to computer science.
The technical team form Monoidics will move to Facebook's engineering team in London in a deal that the teams are hoping will open up “a world of new opportunity for our technology and for our individual and collective scientific expertise”.
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