Google buys second Israeli company in six months
The owner of Israel Matzav's server has purchased its second Israeli company in the last six months. Google announced on Tuesday that it has acquired Quiksee, an Israeli-based company which develops interactive video mapping technologies based on user-filmed videos.Google has not yet offered to acquire Israel Matzav, but a Google spokesperson says they would consider it for the right price.
Founded in 2007 by CEO Gadi Royz, VP R&D Rony Amira, CTO Assaf Harel, and Pavel Yosifovich, Quiksee’s software allows Internet users to turn a simple video clip into an interactive video clip. Its users can photograph any location where they are with a digital camera or mobile device, and then upload the file to Google Maps. The clip thus becomes interactive, allowing people to wander through and get a seemingly real visit experience, without physically being there.
A report in TheMarker financial newspaper on Monday estimated that the deal was worth $10 million. A spokeswoman for Google told Reuters on Tuesday that it was a “small deal” and did not provide exact figures.
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According to TheMarker, Google sees Quiksee's technology as “the missing link” in its Street View service which allows users to view photographs of streets around the world.
Quiksee is Google's second acquisition in Israel in six months. In April, it acquired web gadgets provider LabPixies for an estimated $25 million. LabPixies specializes in personalized websites and mobile gadgets such as calendars, checklists, games, and news and weather feeds.
posted by Carl in Jerusalem @ 1:19 PM
3 Comments:
Google announced its planned purchase of Cambridge Mass. based ITA Software for $700 million in July 2010, subject to regulatory approval.
ITA Software was founded by Jeremy Wertheimer, an Orthodox Jew who lives in Brookline Mass.
So, there is hope for an Israel Matzav acquisition by Google. After all, Google wants to capture all information in the world. Through Israel Matzav, at least Google would own truthful information.
If you need a fine M&A lawyer, please contact the author of Israel Matzav, Carl in Jerusalem.
Thanks, Boss.
careful there carl
the last right wing blogger to "sell out" is now in the habit of banning most of his posters and discussing comic books.
you don't wanna go down that road
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