facebook
twitter
rss
account
search
search
 

Facebook acquires Israeli start-up

June 19, 2012 at 7:37 AM   |   Comments

| License Photo
MENLO PARK, Calif., June 19 (UPI) -- Facebook said it has acquired Face.com, an Israeli start-up that developed facial recognition technology for Web sites and mobile applications.

The deal was worth $100 million, sources told The Jerusalem Post.

The Israeli company has released two apps used on Facebook called Photo Tagger and Photo Finder.

A statement released by Facebook Monday said the deal "simply brings world-class team and long-time technology vendor in house."

The Israeli company is Facebook's second Israeli acquisition, the Post said. In March 2011 it purchased Snaptu, which provides applications that allow ordinary mobile phones easy access to social networks, for $70 million, the Post said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
U.S. airstrikes succeeding in cutting oil financing for Islamic State U.S. airstrikes succeeding in cutting oil financing for Islamic State
2
California officer allegedly stole nude photos during arrest California officer allegedly stole nude photos during arrest
3
New submarine set for commissioning New submarine set for commissioning
4
[UPDATE] Two Calif. deputies killed, two others shot [UPDATE] Two Calif. deputies killed, two others shot
5
Ottawa assault: PM went to closet, MPs made spears from flagpoles Ottawa assault: PM went to closet, MPs made spears from flagpoles
Trending News
Around the Web
x
Feedback