Add-on Acquisition • Internet Software and Services

Facebook Acquires Wit.AI

On January 6, 2015, Facebook acquired internet software and services company Wit.AI

Acquisition Context
  • This is Facebook’s 27th transaction in the Internet Software and Services sector.
  • This is Facebook’s 42nd transaction in the United States.
  • This is Facebook’s 30th transaction in California.

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M&A Deal Summary

Date January 6, 2015
Target Wit.AI
Sector Internet Software and Services
Buyer(s) Facebook
Deal Type Add-on Acquisition

Target Company

Wit.AI

Palo Alto, California, United States
Wit.ai, is a provider of software through API for building voice-activated interfaces.
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Buyer Overview 1

Buyer

Facebook

Menlo Park, California, United States

Category Company
Founded 2004
Sector Internet Software and Services
Employees74,067
Revenue 164.5B USD (2024)
DESCRIPTION
Entrance to Facebook's corporate headquarters in Menlo Park, California.
Entrance to Facebook's corporate headquarters in Menlo Park, California.

Facebook is a social utility company that helps people communicate more efficiently with their friends, family, and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California.


Deal Context for Buyer #
Overall 53 of 89
Sector: Internet Software and Services 27 of 42
Type: Add-on Acquisition 51 of 85
State: California 30 of 41
Country: United States 42 of 65
Year: 2015 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-08 PrivateCore

California, United States

PrivateCore is a vCage technology protects servers from persistent malware, unauthorized physical access, and malicious hardware devices, making it safer to run any application in outsourced, hosted or cloud environments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 QuickFire Networks

San Diego, California, United States

QuickFire Networks is a provider of video-compression technology.

Buy -