MANILA, Philippines – Mozilla Corporation announced Monday, February 27, it had acquired Read It Later Incorporated, the developer of the Pocket app, for an undisclosed amount.
Pocket is a multiplatform application that lets users save websites onto a reading list for later viewing. Tech website Recode added that it currently has around 10 million monthly active users.
In a statement, Pocket CEO Nate Weiner said, "Pocket will continue on as a wholly-owned, independent subsidiary of Mozilla Corporation."
He added, "Together we are going to continue expanding the reach of high-quality content, while staying true to the values that drive both Pocket and Mozilla alike: Protecting the openness of the web and creating a content platform built around trust and privacy."
Pocket's core team and technology will "also accelerate Mozilla's broader Context Graph initiative," which acts like a recommendation engine for search functions that helps find contextual results, Mozilla said. – Rappler.com
Victor Barreiro Jr is part of Rappler's Central Desk. An avid patron of role-playing games and science fiction and fantasy shows, he also yearns to do good in the world, and hopes his work with Rappler helps to increase the good that's out there.