Facebook acquires QuickFire Networks that makes tools for delivering video contents and processing software for video-compression. QuickFire's technology also include T-Video which is an appliance designed to process and transcode, and QuickFire.tv video that is aimed to eliminate bottlenecks and delivers its compute power as a service.
QuickFire's technology can convert video formats and allow them to be downloaded with less bandwidth without a loss in video quality.
Based in San Diego, QuickFire said that "some key members" of its team will join Facebook.
Facebook has been making a move to get its users to upload video directly to its site, instead of linking to videos on other sites like Youtube. By hosting the videos, Facebook can keep users inside its service and gives the company more control over how the videos can be viewed and placed around advertising.
