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September 25, 2016 / 22 Elul, 5776
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Russian Search Giant Buys Israeli Start-Up

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The Russian search giant Yandex has bought out Israel’s KitLocate start-up, a maker of low-power mobile geolocation technology, for “several million Euros,” TechCrunch reported Tuesday.

KitLocate features low battery consumption by using proprietary algorithms that allow location-based apps to request the device’s geographic coordinates less frequently without losing too much precision.

Yandex will use KitlLocate’s technology for car navigation and maps and also is interested in the Israel start-ups cloud solution.

KitLocate consists of eight people, whose Tel Aviv offices will become Yandex R & D headquarters, with the probability of more engineers being added by the new owners.

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