image thumb47 Loopt Acquires GraffitiGEO

As the mobile devices grow better by the day, the need for web services to have their presence on the mobile space grows ever more important and they will do anything to expand there. Loopt, the mobile social network has acquired GraffitiGEO, the startup which made its launch not long time back. The startup puts together social networking on mobile devices with games and reviews. This acquisition will prove quite fruitful for Loopt given that GraffitiGEO is also pushing the accelerator to launch an applications catering to augmented reality, giving Loopt more product variety.