Facebook to Acquire Tagtile

Facebook is to acquire privately held Tagtile, a customer loyalty mobile application, writes Reuters. Facebook will acquire substantially all of the assets of the San Francisco-based start-up and Tagtile founders will join the social networking company. Financial terms were not disclosed.

Reuters – Facebook Inc will acquire privately held Tagtile, a customer loyalty mobile application, according to published reports.

Facebook, which is preparing for an initial public offering, said it will acquire substantially all of the assets of the San Francisco startup and Tagtile founders will join the social networking company, Bloomberg News reported.

The financial terms were not disclosed.