Facebook has acquired The Find,an e-commerce search site that indexes products across thousands of e-commerce sites.
“Key members of our team are joining the company and will be working hard to integrate our technology to make the ads you see on Facebook every day better and more relevant to you,” TheFind Team said.
Some of them from TheFind have joined Facebook; TheFind’s search engine is going offline in the coming weeks.
Terms of the deal weren’t disclosed.
TheFind founded in 2006 and was based in Mountain View, Calif.Key people of TheFind are Siva Kumar (CEO & Co Founder), Shashikant Khandelwal (CTO).
It started with an event-ticket search site, expanding its offerings and adding numerous features since then while raising $26 million from Lightspeed Venture Partners, Redpoint Ventures and Bain Capital Ventures.
Facebook issued the following statement:
We’re excited to welcome TheFind to Facebook. TheFind’s talented team has built a successful search engine that connects people to products. Together, we believe we can make the Facebook ads experience even more relevant and better for consumers. Our business is about connecting people with the topics, companies, brands, and increasingly products they care about and we look forward to doing that with TheFind on board.TheFind writes:
We are joining Facebook!
For the last nine years, we’ve worked hard to bring you a shopping experience that’s easy, efficient and fun – searching all the stores on the web to find just the right products you’re looking to buy.
We are now starting our next chapter by combining forces with Facebook to do even more for consumers. Facebook’s resources and platform give us the opportunity to scale our expertise in product sourcing to the over 1 billion people that use the platform.
Key members of our team are joining the company and will be working hard to integrate our technology to make the ads you see on Facebook every day better and more relevant to you.
Unfortunately, this means we will be taking our search engine offline in the next few weeks.
Thank you for your loyalty and for making this a fun journey for all of us!
