Facebook has made another acquisition, the latest company to join Facebook is QuickFire Networks, which is a video startup that is designed to deliver high quality video files using less bandwidth.
The news was announced on the homepage of QuickFire Networks, as yet there are no details on how much Facebook Air for the company.
QuickFire Networks was founded on the premise that the current network infrastructure is not sufficient to support the massive consumption of video that’s happening online without compromising on video quality. QuickFire Networks solves this capacity problem via proprietary technology that dramatically reduces the bandwidth needed to view video online without degrading video quality. Over the past few years, the team has worked hard to meet the demanding needs of content creators around the world. Ultimately our goal has always been to provide a premium quality, immediate, bandwidth-friendly video experience to consumers.
Now we’re ready to take the next step in our growth. Facebook has more than one billion video views on average every day and we’re thrilled to help deliver high quality video experiences to all the people who consume video on Facebook.
It will be interesting to see how Facebook uses their new technology that has been acquired with the purchase of QuickFire.
Source QuickFire, re/code
Image Credit Reuters