Walmart has announced that they are purchasing the search technology firm Kosmix. The retailer is looking to use the company to expand more into social and mobile commerce, complimenting their recent purchase of online movie service Vudu.

The members of Kosmix will work with the @WalmartLabs group. The team will serve to build technologies and businesses around social and mobile commerce that will support Walmart s global multi-channel strategy.

Source: PaidContent {link no longer active}