Facebook Inc has acquired the maker of a mobile app that can track the distance consumers walk or run and measure the calories burned, giving the social networking company an entree into the world of fitness and health monitoring technology.
Facebook did not disclose the price it paid for ProtoGeo Oy, the 2-year-old Helsinki company that makes the Moves app.The company has fewer then 10 employees. A Facebook spokesman said the price for ProtoGeo, which has fewer than 10 employees. Their fate is now uncertain.
