After about a month of speculation, Facebook has finally announced its acquisition of Israeli facial recognition technology Face.com.
We've heard from multiple sources that the acquisition price was $100m, with others reporting that the price was between $80m-$100m. This is absolutely not an acqui-hire, as Facebook will be taking full advantage of the company's technology and the advancements it's made on mobile -- perhaps to finally include mobile tagging options for photos.

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  • Facebook buys Face.com, bringing facial recognition in-house
    “Our mission is and has always been to find new and exciting ways to make face recognition a fun, engaging part of people’s lives, and incorporate remarkable technology into everyday consumer products,” Hirsch wrote. Face.com has raised $5.8 million ...
    06/19/2012 - 12:42 am | View Link
  • Facebook Scoops Up Face.com For ~$100M To Bolster Its Facial Recognition Tech
    After about a month of speculation, Facebook has finally announced its acquisition of Israeli facial recognition technology Face.com. We’ve heard from multiple sources that the acquisition price was around $100m, with others reporting that the price was ...
    06/18/2012 - 9:53 am | View Link
  • Facebook Scoops Up Face.com For $55-60M To Bolster Its Facial Recognition Tech (Updated)
    After about a month of speculation, Facebook has finally announced its acquisition of Israeli facial recognition technology Face.com. We’ve heard from multiple sources that the acquisition price was around $100m, with others reporting that the price was ...
    06/18/2012 - 8:05 am | View Link
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