Toro offers solutions to help app developers create the best marketing and promotional plans for their apps on Facebook’s advertising platform. Through its various tools, developers can easily manage several different Facebook campaigns that works best towards their respect end-goals. Through Google’s acquisition of the company, Toro gains more access to resources that will enable them to help mobile developers in much more meaningful was. With this acquisition, though, the company will divert its focus from Facebook to other opportunities. According to the company, current Toro clients will continue to have access to Facebook campaign optimization tools and dashboards, but new campaign creation has been suspended: The brief announcement from Toro did not disclose any other information, including the terms of the agreement. Previously, Red Hot Labs raised a $1.5 million seed round in 2013 from the likes of Andreessen Horowitz, Chris Dixon, and SV Angel. (H/T TechCrunch)
