After rumors all but confirmed it, Face.com, the Israeli facial recognition startup, finally acknowledged on its blog today that the company has been acquired by Facebook. TechCrunch’s sources estimate that the acquisition price was between $80 million and $100 million, the same figure circulated that month in the Israeli press. The deal was reportedly not part of an acqui-hire to bring Face.com’s staff into the fold, but rather centered around leveraging the company’s technology to help Facebook with mobile photos.
In fact, for the first deployment of its technology, Face.com released an app called KLIK that let users tag Facebook friends in real-time by scanning public photos in your social network and suggesting tags for friends. Once Face.com’s technology is embedded in Facebook, users would theoretically be able get suggestions and tag friends with one click. Read More