Facebook has agreed to purchase the San Francisco-based mobile startup application, Parse in a cash-and-stock deal.
According to the media reports, the deal is worth about $85m, and the acquisition of will allow Facebook to enable developers to build apps that can be used in both the mobile platforms and devices.
Facebook’s Doug Purdy said that the company wants to enable developers to rapidly build apps that span mobile platforms and devices.
"Parse makes this possible by allowing developers to work with native objects that provide backend services for data storage, notifications, user management, and more," Purdy said.
"This removes the need to manage servers and a complex infrastructure, so you can simply focus on building great user experiences."
Parse co-founder Ilya Sukhar said in a blog post that the company has agreed to be acquired by Facebook.
"We expect the transaction to close shortly. Rest assured, Parse is not going away," Sukhar added.
Founded in June 2011, Parse was reportedly seeking for funds to build mobile applications across different operating systems and had raised $7m from its investors such as Ignition Partners.
Facebook has been working to cater to users shifting from desktops to mobile devices, as part of the plan it has introduced Facebook Home and redesigned the pages layout for mobile devices earlier this month.
