Facebook acquires Chai Labs

Facebook has snapped up start-up Chai Labs for around $10 million, reports PC Mag.com

Founded in 2007 by former Google "godfather of Adsense" Gokul Rajaram, Chai Labs is focused on content management and Website customisation.

Prominent investors in Chai Lab; which raised a total of $2.4 million in funding prior to its acquisition, include Silicon Valley's Marc Andreessen, co-cofounder of Netscape Communications, as well as LinkedIn chairman Reid Hoffman and Google Ventures' Joe Kraus.

Analysts have speculated that Apple's deliberate snub of Adobe Flash on the iPad could be part of a plot by Apple to buy Adobe, states Telegraph.co.uk.

However, Adobe chief executive Shantanu Narayen, who ironically began his career at Apple, says: "It's the future of mobile that's at stake here and there are different strategies that companies are taking. There are other companies that have chosen to say that the open eco-system is the way to go and that's how you would contrast Apple and Google's business models. We're on the side of the open."

Last year, Adobe's net income was $387 million on revenues of $2.95 billion. Last month, Adobe acquired content management firm Day Software.

OmniUpdate has released version 9.3 of its Web content management system (CMS) called OU Campus, says Earth Times.

The release includes a social media publish feature that allows users to automate the publishing of content to Twitter. Publishing to other social media outlets is planned for a future release.

Lance Merker, president and CEO of OmniUpdate, states, "We are excited about our social media publish feature and its connection to Twitter, as it represents an exciting leap forward in our CMS capabilities and a simplification of the channel communication process for our customers."