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July 30, 2014 / 3 Av, 5774
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Posts Tagged ‘mobile’

Russian Search Giant Buys Israeli Start-Up

Tuesday, March 18th, 2014

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.

Facebook Buys Israeli Firm for $100-$200 Million

Monday, October 14th, 2013

The website “TechCrunch” reports that Facebook has just purchased the Israeli mobile analytics and market intelligence company, Onavo, for somewhere between $100-$200 million.

Onavo, formed in 2010, will turn into Facebook’s first office in the country.

Onavo’s primary application is for market intelligence, monitoring the performance of mobile apps for the purpose of charting that performance versus that of its competitors. They have another mobile app designed for optimizing performance and battery life on mobile phone devices.

This is the third Israeli company that Facebook has bought, the first was Snaptu ($70 million in 2011), and Face.com ($50-$60 million in 2012).

Printed from: http://www.jewishpress.com/news/breaking-news/facebook-buys-israeli-firm-for-100-200-million/2013/10/14/

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