According to foreign media reports, "after the slaughter" mobile news application Snpachat parent company Snap, has quietly acquired the Swiss start-up firm Strong.Codes behind the team.
It is reported that start-up companies Strong.Codes research and development tools to cover up the software code, an increase of competitors "cottage" product difficulty.
Earlier this year, Snap recruited engineer Laurent Balmelli, co-founder of Strong.Codes. According to the news and professional social networking site LinkedIn data show, Strong.Codes the other three co-founder followed by Balmere joined Snap. After Strong.Codes was closed, Snap's new recruiting team remained in Switzerland.
Snap also advertised to continue to recruit information security experts and cryptographers in Switzerland to gradually expand its presence in Europe. The Black Alps 17, Snap, or the main sponsor of the cybersecurity conference in Yverdon-les-bains, northeastern Geneva, Switzerland. In May this year, Snap also hired a social network Facebook executive Marianne & middot; Marianne Bullwinkel is responsible for Germany, Austria and Switzerland.
Snap says Facebook's social network Instagram is a big threat to its Snapchat application because Instagram is copying some of Snapchat's features. Strong.Codes specializes in defensive reverse engineering.
It is reported that the reverse technology is a target product for reverse analysis and research, which deduced and derived the product processing flow, organizational structure, functional characteristics and technical specifications and other design elements to produce similar functions, but not exactly the same The product.
The Snap spokesman declined to comment.
Facebook has portrayed Snapchat's most popular features, including Instories' video sharing feature, Stories. Insiders have commented that Instagram Stories has been able to ring the death knell for Snapchat.
"If you want to be a creative company, you have to learn to see other people copy your product," said Evan Spiegel, co-founder of Eve & middot, in May's earnings conference call. But the premise is that these products are great enough. Yahoo has a search bar does not mean they are Google. & Rdquo;
As analysts' negative expectations rose, Snap's stock fell to a new low of $ 14.65 on Thursday. Since the initial public offering (IPO) in early March, Snap's stock price has reduced Spieler and the other founder Bobby Murph's total wealth by $ 4.3 billion.