Facebook buys Face.com
21 Jun 2012 12:30 AM GMT
Social networking giant Facebook Inc has acquired Israeli facial recognition firm Face.com for an undisclosed amount in a bid to strengthen its photo sharing platform.
Face.com's software is used for facial recognition on photos loaded on its websites and through mobile applications.
‘Facebook has acquired Face.com,’ Face.com Founder Gil Hirsh has said on his blog.
The announcement comes about two months after Facebook shelled out $1 billion for photo-sharing service firm Instagram.
Although financial details of the deals were not disclosed, media reports have pegged the transaction in the range of $60 million to $100 million. Hirsh said, ‘Facebook is a part of your life every single day. We keep up with our friends and family, share interesting experiences from our daily lives, and perhaps most importantly for us, we share a lot of photos.’
‘By working with Facebook directly, and joining their team, we'll have more opportunities to build amazing products that will be employed by consumers - that's all we've ever wanted to do,’ he added.
Face.com's software is used for facial recognition on photos loaded on its websites and through mobile applications.
‘Facebook has acquired Face.com,’ Face.com Founder Gil Hirsh has said on his blog.
The announcement comes about two months after Facebook shelled out $1 billion for photo-sharing service firm Instagram.
Although financial details of the deals were not disclosed, media reports have pegged the transaction in the range of $60 million to $100 million. Hirsh said, ‘Facebook is a part of your life every single day. We keep up with our friends and family, share interesting experiences from our daily lives, and perhaps most importantly for us, we share a lot of photos.’
‘By working with Facebook directly, and joining their team, we'll have more opportunities to build amazing products that will be employed by consumers - that's all we've ever wanted to do,’ he added.
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