Facebook Has Acquired Mobile Developer Parse

Facebook has acquired the mobile development company Parse. The terms of the deal were not disclosed, though TechCrunch is reporting that the transaction cost the social network $85 million, part of which will be paid in cash, part in stock.

Facebook explained the acquisition on the blog: “By making Parse a part of Facebook Platform, we want to enable developers to rapidly build apps that span mobile platforms and devices. Parse makes this possible by allowing developers to work with native objects that provide backend services for data storage, notifications, user management, and more.”

Parse explained their side of the story on their blog: “Parse has come a long way. In just under two years, we’ve gone from a rough prototype to powering tens of thousands of apps for a very broad spectrum of customers. Some of the world’s best brands trust us with their entire mobile presence, and a growing number of the world’s brightest independent developers trust us with their next big thing. We couldn’t be happier.”