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Face.com Purchased by Facebook for Unknown Amount

By June 19, 2012June 11th, 2021Technology News

Rumors about the companies Facebook and Face.com being in negotiations have finally been confirmed as of yesterday when Facebook officially purchased the facial-recognition software. Face.com announced on their blog today that they had been purchased by Facebook, who promised to offer “more opportunities” to build groundbreaking products.

The Israel-based company offers API (application programming interfaces) for third party developers. The developers can then incorporate the Face.com software into applications. For example, Photo Finder and Photo Tagger are both applications using Face.com software that have been released on Facebook in the past few weeks. Photo Finder lets a user find untagged pictures of themselves on Facebook and Photo Tagger bulk tags a user in photos once they’re found. Face.com has been around since 2010, but has only recently taken off.

“People who use Facebook enjoy sharing photos and memories with their friends, and Face.com’s technology has helped to provide the best photo experience,” a Facebook spokesperson e-mailed to a news company. “This transaction simply brings a world-class team and a long-time technology vendor in house.”

The price is unconfirmed, and Facebook is refusing to say how much they paid for Face.com’s software. However, it is estimated that the social network giant will pay between $80-100 million once all has been said and done. This is not Facebook’s first big purchase of the year; in April, Facebook bought Glancee, a social-gifting company, for undisclosed amounts. In May, the social network bought Instagram, a photo manipulation company, for around a billion dollars. All three of these purchases indicate large changes in the works for Facebook.

 

Jason Manteiga

Jason Manteiga

Jason J. Manteiga, Vice President of Olmec Systems, has been part of the company for over the past 20 years. He believes that having a great work environment and supportive team, is the ultimate key to success. Since being in the IT realm for over 25 years, Jason, along with Olmec Systems, has been on the Inc. 5000 “List of America’s Fastest Growing Private Companies” and Channel Futures MSP 501 “Top Managed Service Providers in North America,” along with other awards and nominations. Jason earned his Bachelor Degree in Information Systems from the New Jersey Institute of Technology. He also holds certifications in Microsoft MCSE, VMWare VCP, and Cisco CCNA. In his spare time, Jason is a contributor for The Center for Social & Legal Research (Privacy Exchange) and a member of the Morris County Chamber of Commerce. His hobbies include cycling and kayaking. He currently lives in New Jersey with his wife, two daughters and son.

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