Facebook to Ramp Up Premium App Development with New Acquisition

Facebook has just confirmed its recent acquisition of software development platform Parse.

The estimated value of the acquisition is $85 million.

A clear indication of Facebook’s designs on the premium app development and services market, the social network of one billion members reportedly has big plans for Parse.

“Today,” writes Douglas Purdy on the Facebook Developer Blog, “we’re making it even easier to build mobile apps with Facebook Platform by announcing that we have entered into an agreement to acquire Parse, a cloud-based platform that provides scalable cross-platform services and tools for developers.”

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.

To read the full announcement from Facebook, click here.