Home Business NewsTech News Facebook buys Tech City start-up Monoidics

Facebook buys Tech City start-up Monoidics

by LLB Editor
19th Jul 13 11:33 am

Facebook has snapped up London-based start-up Monoidics for an undisclosed amount.

Founded in 2009, Monoidics writes software for testing other softwares for errors. The idea for the company was borne out a research project by co-founder Dino DiStefano who developed ‘Infer’, a program that identified critical flaws that made computers crash.

Monoidics is known to have net assets of £300,000 at the start of 2012 on a £600,000 turnover. The technical staff of the company will move to Facebook’s London office once the deal is completed.

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