It looks like Facebook has just acq-hired mobile video and image app developer
Digital Staircase, according to a
blog post on the startup's site. According to Facebook, Digital Staircase's team will be joining the social network but Facebook has not acquired any of the technology assets from the startup. Digital Staircase has developed a number of apps for video recording, image editing and more. MovieCam, which is available as an iPad and iOS app, is a camcorder app that provides recording features like 8x digital zoom, pause-and-resume recording functionality, and contrast enhancement. The app also allows you to add 18 movie effects and filters while shooting video.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/8ip7nIXNRfM/
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