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.
You need to read:
Fintech unicorn launches app store for business banking
London is top European hub for global tech talent
Errol Damelin: The London tech scene must embrace risk and innovation
We are delighted to open entries to the LondonlovesTalent Awards, celebrating London and South East leaders and businesses truly championing talent, skills, leadership and workforce development
Try our free newsletter
Leave a Comment