As it turns out, Facebook still has some cash left over following it gargantuan recent $1 billion purchase of Instagram.
This week, Facebook – which is poised to go public and begin trading within days on the NASDAQ exchange – has confirmed its acquisition of Glancee, a social location app.
Financial terms of the deal weren’t made public.
If you’re not familiar with it, Glancee lets users find and connect with others in the true spirit of social networking.
The two year old company will now begin the shut-down process as founders Andrea Vaccari, Alberto Tretti and Gabriel Grise head over to Facebook with their tools and talents.
“We started Glancee in 2010 with the goal of bringing together the best of your physical and digital worlds,” the Glancee website reads. “We wanted to make it easy to discover the hidden connections around you, and to meet interesting people. Since then Glancee has connected thousands of people, empowering serendipity and pioneering social discovery.”
“We are therefore very excited to announce that Facebook has acquired Glancee and that we have joined the team in Menlo Park to build great products for over 900 million Facebook users,” the messages adds. “We’ve had such a blast connecting people through Glancee, and we truly thank our users for being a part of the Glancee community.”
