Facebook has acquired Israeli data compression startup Onavo for more than $150m.
The acquisition of the firm comes as part of its efforts to boost internet access for billions across the globe.
The Tel Aviv-based startup is focused on mobile application intelligence, data and compression, and the three-year-old startup has also developed apps and services targeting mobile, including mobile app analytics and security.
The firm's mobile app assists consumers in trimming down mobile phone costs through more efficient use of data, while extracting up to five times more out of a data plan.
Onavo said in a statement: "Our service helps people save money through more efficient use of data, and also helps developers, large and small, design better experiences for people.
"When the transaction closes, we plan to continue running the Onavo mobile utility apps as a standalone brand."
Upon the completion of the transaction, Onavo under the guidance of Facebook, would join hands with members of the Internet.org alliance to boost the efficiency, while lowering the cost of web access.
A Facebook spokesperson said: "We expect Onavo's data compression technology to play a central role in our mission to connect more people to the internet, and their analytic tools will help us provide better, more efficient mobile products."
As per the agreement, Onavo will maintain its Israeli offices with 30 employees, enabling Facebook to run a research and development centre in the Western Asian nation.