[February 27, 2017] |
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Mozilla Buys Pocket: Enhanced Focus on Mobile and Content Discovery
Today, the Mozilla (News - Alert) Corporation has completed the acquisition of Read It
Later, Inc. the developers of Pocket.
As our first strategic acquisition, Pocket contributes to our strategy
by growing our mobile presence and providing people everywhere with
powerful tools to discover and access high quality web content, on their
terms, independent of platform or content silo.
Pocket will join Mozilla's product portfolio as a new product line
alongside the Firefox web browsers with a focus on promoting the
discovery and accessibility of high quality web content. Pocket's core
team and technology will also accelerate Mozilla's broader Context
Graph initiative.
Chris Beard, CEO of Mozilla, said, "We believe that the discovery and
accessibility of high quality web content is key to keeping the internet
healthy by fighting against the rising tide of centralization and walled
gardens. Pocket provides people with the tools they need to engage with
and share content on their own terms, independent of hardware platform
or content silo for a safer, more empowered and independent online
experience."
Pocket brings to Mozilla a successful human-powered content
recommendation system with 10 million unique monthly active users on iOS,
Android
and the Web
and with more than 3 billion pieces of content saved to date.
In working closely with Pocket over the last year around the integration
within Firefox, we developed a shared vision and belief in the
opportunity to do more together that has led to Pocket joining Mozilla
today.
Nate Weiner, CEO of Pocket, said, "We've really enjoyed partnering with
Mozilla over the past year. We look forward to working more closely
together to support the ongoing growth of Pocket and to create great new
products that people love in support of our shared mission."
As a result of this strategic acquisition, Pocket will become a wholly
owned subsidiary of Mozilla
Corporation and will become part of the Mozilla
open source project.
Mozilla is growing, experimenting more, and doubling down on our
mission to keep the internet healthy, as a global public resource
that's open and accessible to all.
About Mozilla
Mozilla has been a pioneer and advocate for the open web for more than
15 years. We promote open standards that enable innovation and advance
the Web as a platform for all. Today, hundreds of millions of people
worldwide use Mozilla Firefox to experience the Web on computers,
tablets and mobile devices. For more information, visit www.mozilla.org
About Pocket
Pocket, made by Read It Later, Inc., is the world's leading
save-for-later service. It currently has more than 10 million active
monthly registered users and is integrated into hundreds of leading apps
including Flipboard and Twitter (News - Alert). Pocket helps people save interesting
articles, videos and more from the web for later enjoyment. Once saved
to Pocket, content is visible on any device - phone, tablet or computer,
online or off. Pocket is available for major devices and platforms
including Firefox, Google Chrome, Safari, iOS, Android (News - Alert) and Windows. For
more information, visit www.getpocket.com/about.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170227006699/en/
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