Facebook Buys Tech-Security Startup PrivateCore

"I've seen how much people care about the security of data they entrust to services like Facebook," wrote Joe Sullivan, Facebook's chief security officer, in a Facebook post on Thursday. Terms of the deal were not announced, but media reports say Palo Alto, Calif.–based PrivateCore received $2.3 million in investment from TEEC Angel Fund and Foundation Capital. Oded Horovitz, CEO and founder of PrivateCore, expressed his excitement over the acquisition in a statement. "Working together with Facebook, there is a huge opportunity to pursue our joint vision at scale with incredible impact." "Over time, Facebook plans to deploy our technology into the Facebook stack to help protect the people who use Facebook," he added.