Mozilla Corporation has acquired Pocket, a browser extension that allows users to save and retrieve links, documents, videos, etc. for an undisclosed amount. As part of the “strategic deal” Pocket will become a wholly owned subsidiary of Mozilla Corporation and will additionally be included in the Mozilla open source project. This is Mozilla’s first ever acquisition and the company mentions that Pocket will become a part of its product portfolio alongside Firefox browsers. Earlier in June 2015, Mozilla integrated Pocket into all versions of Firefox browsers (mobile and PC) by default. The company added that the acquisition will now allow it to focus on its mobile strategy and improve discovery of content for browser users. Additionally, Pocket’s core team and technology will help improve Mozilla’s Context Graph initiative—a recommendation system for web users. Pocket claims 10 million active users Pocket was originally founded in 2007 and is currently available for iOS, Android, Windows, Blackberry, PC, Mac and other e-readers. The app allows users to save and organize links and view it later on a PC, mobile or an e-reader device. It claims to have over 10 million monthly active users with integration support for several platforms like Flipboard, Twitter, etc. According to crunchbase, the company has raised more than $14 million is three different rounds with investors like Axel Springer, Baseline Ventures, Foundation Capital among others. Speaking on the acquisition, Pocket’s CEO Nate Weiner said in a blog that Pocket’s extension “has been clicked over 3 billion times” and that the company will…
