Stealth Mode Startups That Got Acquired
By siliconindia
Rel8tion
When Facebook acquired the stealth mode startup Rel8tion, it was just nine-month old. As a result of the acquisition, the engineering team will join Facebooks Seattle office. Rel8tion was started by Peter Wilson and the company was trying to create a system for synching up a person’s location and demographics with the most relevant ad inventory. Facebook acquired the company to bet on the mobile segment, as they say that the mobile users of Facebook are twice as active as the non-mobile users.