The Facebook social network has acquired the Finnish company Visionteq, a computer vision company, for Variety magazine.
The company is developing additions to the famous video editing software that allow adding and removing elements from the clips while they are modified. These are techniques the social network may use in its various video applications, such as live broadcast or storytelling.
Details of the deal were not disclosed. But the German company announced on its official website that its additions and products are no longer available for purchase, in a clear indication of the transition of its engineers to work fully on Facebook.
Facebook has recently announced the suspension of the Lifestage application, similar to Snape Chat. It has also unveiled Watch to watch the video within its official application, a new platform for video and visual content.