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
Marijuana decriminalized in Philadelphia Marijuana decriminalized in Philadelphia
2
Reports claim Ukraine used cluster bombs in Donetsk city Reports claim Ukraine used cluster bombs in Donetsk city
3
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
4
No, Banksy hasn't been arrested, nor his identity revealed No, Banksy hasn't been arrested, nor his identity revealed
5
Pope Francis condemns 'hostile inflexibility' within the church Pope Francis condemns 'hostile inflexibility' within the church
Trending News
Around the Web
x
Feedback