Facebook buys start-up Parakey for undisclosed sum

[rakib]

Facebook Inc., the fast growing Silicon Valley social networking site, said on Thursday it has acquired Internet start-up, Parakey, run by two of the co-creators of the popular Web browser, Mozilla Firefox.

Parakey, founded by Blake Ross and Joe Hewitt, is described in a statement as a company seeking to bridge the gap between the immediacy of information stored on local desktop computers and the collaborative power of data stored on Web sites.

Details at Facebook buys start-up Parakey for undisclosed sum - Yahoo! News