The acquisition of Active Replica will bring mutually beneficial growth to both firms.
Web browser and internet development company, Mozilla Corporation has announced the acquisition of Active Replica, a Web3 and immersive experience developer. As Mozilla said in its announcement, the Active Replica startup will be joining its Hubs and will be contributing to the platform in a fundamental way.
The financial transaction for the deal was not unveiled, however, the integration of Active Replica into the Mozilla Hubs ecosystem will be easy, considering the fact that both outfits have worked together before. Active Replica was a vital part of the multi-day arts and tech festival Mozfest supported by Mozilla earlier this year.
The Firefox browser developer said the fact that both Mozilla Hubs and Active Replica share the same plans to spearhead metaverse and digital innovation makes both a perfect fit.
“The magical, immersive experiences that Active Replica has built are perfectly attuned to our increasingly distributed, remote-first world,” said Imo Udom, Mozilla SVP, “They use the power of the Hubs core engine, married to amazing content, to bring people closer together, even when we’re spending more time farther apart. From 3D development workshops to immersive theater experiences, to their contributions to Mozfest, there’s a very good chance you know the incredible work that Active Replica is capable of.”
Active Replica was founded 2 years ago by Jacob Ervin and Valerian Denis, both of whom have a wealth of experience working for Virtual Reality (VR) outfits. Both of them have the passion to contribute to the evolution of the internet by personalizing experiences across the board.
Udom said the acquisition of Active Replica will bring mutually beneficial growth to both firms.
“Together, we see this as a key opportunity to bring even more innovation and creativity to Hubs than we could alone. We will benefit from their unique experience and ability to create amazing experiences that help organizations use virtual spaces to drive impact. They will benefit from our scale, our talent, and our ability to help bring their innovations to the market faster,” he said.
Mozilla and Active Replica Linkup: Joining a Bigger Cause
Mergers & Acquisitions are notably prevalent in today’s growing financial world and often, companies giving themselves up for acquisitions are always in search of a bigger cause to join. While there are a number of other not-so-good reasons why firms get acquired, Active Replica’s merger with the Mozilla brand is hinged on powering a highly usable internet irrespective of human engagement diversity.
“Mozilla has long advocated for a healthier internet and has been an inspiration to us in its dedication and contributions to the open web. By joining forces with the Mozilla Hubs team, we’re able to further expand on our mission and inspire a new generation of creators, connectors, and builders,” Ervin and Denis said in a statement. “Active Replica will continue to work with our existing customers, partners, and community.”
With Mozilla’s resources and funding, Active Replica is billed to fulfill its potential and long-term targets much faster.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
