Facebook acquires Tagtile
2012-04-16![Facebook acquires Tagtile Facebook acquires Tagtile](https://varindia.com/public/index.php/storage/news/uploads/2012/04/Facebook_Logo.gif)
It is believed that Facebook Inc. is acquiring Application Developer Tagtile, adding to its expertise in mobile software. The financial terms were not disclosed.
Facebook has confirmed that, "We're happy to confirm that Tagtile's founders are joining Facebook, and that Facebook is acquiring substantially all of the company's assets. We've admired the engineering team's efforts for some time now and we're excited to have them join Facebook."
As per the Tagtile's website post, its service helps local businesses identify and engage their customers to increase revenue. The product includes a hardware device, the Tagtile Cube, that merchants place at their checkout counter. When customers make a purchase in-store, they tap their smartphone against the Tagtile Cube and earn rewards. Merchants can access data from the Cub online, and use the information to target messages back to their customers.
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