Facebook likes Fayteq

Aug 15, 2017 •

Fayteq, a real-time video editing technology developer spun out of TU Ilmenau, has been acquired by Facebook for an undisclosed sum.

Fayteq, a Germany-based real-time video editing software producer based on research at Technical University Ilmenau, has been acquired by internet company Facebook, Deutsche Startups reported on Friday.

Terms of the acquisition have not been disclosed. Fayteq said in a brief statement on its website that its products are no longer for sale.

Founded in 2011, Fayteq has created technology that enables video content to be manipulated in real-time, making it possible for example to remove objects or insert advertising.

While…

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