Latest News Israel

FACEBOOK BUYS FACE.COM FOR $100M

Share |
Wednesday, July 11th, 2012

Facebook Inc. has acquired Israeli face recognition technology developer Face.com for $100 million. The two companies have collaborated for a long time, with Facebook using Face.com’s technology to help users tag the faces of friends in pictures they upload on the social network with Face.com’s Photo Tagger service. Facebook’s acquisition of Face.com will enable the social network to embed face recognition software into its photo app.  This is Facebook’s second acquisition in Israel, following the acquisition of Snaptu for $70m in March 2011.