Facebook Acquires Source3

Facebook recently acquired New York-based IP rights management startup Source3 in an effort to expand their efforts to monetize the massive social media platform. Source3 founders Patrick F. Sullivan, Benjamin Cockerham and Scott Sellwood started Source3 to streamline and simplify the licensing process, allowing IP owners to opt into licensing deals that wouldn't require endless contracts and negotiations. Source3 is expected to remain based in New York, but they will be a fully operational arm of Facebook not a stand alone company. You can read more about this acquisition over on 3DPrint.com: http://3dprint.com/183953/source3-acquired-by-facebook/

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