Facebook buys data squeezer

Social notworking company Facebook has bought a 40 strong company in Israel.

No financial terms were released about the acquisition of Onavo, an American company which is based in Tel Aviv and has 40 employees.

The company is a mobile analytics and data compression company, which provides Onavo mobile utility apps. The privately held company, founded and CEOd by Guy Rosen, specialises in being able to scrunch data, making it easier for mobiles and smartphones to access.

Facebook is believed to have bought the company because it wants more people using smartphones to be part of the Book of Faces community.