SHARE
Facebook X Pinterest WhatsApp

Facebook Scoops Up Face.com

TechCrunch: Facebook has announced that it will purchase Israeli facial recognition company Face.com. The companies did not reveal the acquisition price. Several media outlets are reporting that Facebook paid between $80 million and $100 million; TechCrunch’s sources say the actual price will be between $55 million and $60 million in a cash and stock deal. […]

Jun 19, 2012
Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

TechCrunch: Facebook has announced that it will purchase Israeli facial recognition company Face.com. The companies did not reveal the acquisition price. Several media outlets are reporting that Facebook paid between $80 million and $100 million; TechCrunch’s sources say the actual price will be between $55 million and $60 million in a cash and stock deal.

Facebook will likely use Face.com’s technology to improve its photo-tagging capabilities and possibly to add mobile photo-tagging capabilities.

  SEE ALL
ARTICLES
 

Recommended for you...

What Is Sentiment Analysis? Essential Guide
11 Top Data Collection Trends Emerging In 2024
Kaye Timonera
Feb 8, 2024
6 Top Data Classification Trends
Avya Chaudhary
Oct 13, 2023
7 Data Management Trends: The Future of Data Management
Mary Shacklett
Aug 2, 2023
Datamation Logo

Datamation is the leading industry resource for B2B data professionals and technology buyers. Datamation's focus is on providing insight into the latest trends and innovation in AI, data security, big data, and more, along with in-depth product recommendations and comparisons. More than 1.7M users gain insight and guidance from Datamation every year.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.