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.
Recommended UPI Stories
Most Popular
1
Texas woman set for execution for starving girlfriend's son Texas woman set for execution for starving girlfriend's son
2
Playboy Magazine names UPenn top party school for 2014 Playboy Magazine names UPenn top party school for 2014
3
Occupy Wall Street celebrates 3-year anniversary by forgiving $4 million of student debt Occupy Wall Street celebrates 3-year anniversary by forgiving $4 million of student debt
4
Light 4.0 earthquake shakes Seattle area Light 4.0 earthquake shakes Seattle area
5
Lindsey Graham fears ISIS will come kill us all, in a not at all hysterical way Lindsey Graham fears ISIS will come kill us all, in a not at all hysterical way
Trending News
Video
x
Feedback