Facebook Acquires Onavo to Strengthen Global Mobile Strategy

mashable.com - Facebook on Monday confirmed the acquisition of Onavo , a Palo Alto-based startup that makes data-compression software to help minimize data usage on smartphones. The terms of the deal were not disclosed, and Onavo will remain a "standalone brand" within Facebook, according to Onavo's blog post.Three-year-old Onavo will also retain its Tel Aviv office, giving Facebook a new office on the ground in Israel.