Facebook in talks to acquire facial recognition firm Face.com
An overview of the week in deals in the Irish and global technology sector.
Facebook in talks to acquire facial recognition firm Face.com
Facebook is reportedly in advanced negotiations to acquire an Israel-based facial-recognition technology company, Face.com, for an estimated US$80m to US$100m.
As reported on The Next Web, NewsGeek and the Calcalist newspaper, Face.com was founded in 2007 by Gil Hirsch, Yaniv Taigman, Moti Sniberg and Eden Schochat.
Face.com’s KLIK technology allows users to identify their friends in images online and tag them.
The company has also developed a mobile app version of KLIK that lets iPhone users take pictures and tag their friends automatically.
IBM completes acquisition of Vivisimo
Technology giant IBM has finished its acquisition of information optimisation solutions provider Vivisimo for an undisclosed sum.
Vivisimo, more specifically, provides federated discovery and navigation software that helps organisations access and analyse big data.
The acquisition enhances IBM’s big data initiatives to help clients analyse the volume, variety, and velocity of big data.
Under the deal, about 120 Vivisimo employees will join IBM’s Software Group.
IBM will incorporate Vivisimo technology into its big data platform and will sell Vivisimo products individually.
EMC acquires service assurance software provider Watch4net
Data storage giant EMC has acquired service assurance software provider Watch4net for an undisclosed sum.
Watch4net is a privately-held provider of enterprise and carrier-class performance management software that provides real-time, historical and projected visibility into network, data centre and cloud infrastructure performance.
The company is based in Montreal, Quebec, Canada.
EMC has been delivering a management solution for networks, compute resources, and physical and virtual storage through its EMC IT Operations Intelligence Suite. With the acquisition of Watch4net, EMC can now offer Watch4net’s set of performance management capabilities.
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