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20/06/2012

Facebook acquires Face.com, brings facial recognition technology in-house

Facebook acquires Face.com, brings facial recognition technology in-house: Face.com logo






It's been rumored for quite some time, and now it's official: Facebook has swooped in and purchased Face.com. The company's facial-recognition technology is already used to offer auto-tag suggestions when users upload photos to Facebook, and now the social network owns every bit of it. In a statement to AllThingsD, Facebook said that "this transaction simply brings a world-class team and a long-time technology vendor in house." It's believed that the move (in addition to its acquisition of Instragram for $1 billion in April) is Facebook's attempt to strengthen its mobile offerings. No official word on how much the company (and its desirable domain) cost Facebook, but "multiple sources" tell TechCrunch that it's about $100 million. The...
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