Google logo. Second aquisition in Israel in six months
Photo: AP

Google acquires Israeli start-up Quiksee

Multinational corporation buys company developing interactive video mapping technologies based on user-filmed videos; deal estimated at several millions of dollars, Yedioth Ahronoth reports

Google has acquired Israel-based Quiksee, which develops interactive video mapping technologies based on user-filmed videos, the companies said on Tuesday, confirming media reports.


"We are delighted to announce that Quiksee has been acquired by Google," Quiksee's website said. "Both Google and Quiksee share the same innovative vision."


A spokeswoman for Google said it was a small deal. The Yedioth Ahronoth daily reported that the acquisition is estimated at several millions of dollars.


Quiksee was founded in 2007 by several entrepreneurs, including Gadi Royz, Rony Amira, Assaf Harel and Pavel Yosifovich. Upon its establishment, the company was part of the Naiot technological incubator owned by the Ofer group. Its investors include Docor International and private angels.


This is Google's second acquisition in Israel in six months. It acquired web gadgets provider LabPixies in April for an estimated $25 million.


Yossi Matias, managing director of Google's Israel development center, said in a statement Google was committed to continue investing in Israel, "both by expanding and deepening our activity as well as by continuing to strengthen our collaboration with companies and start-ups in Israel".


Quiksee declined comment.



פרסום ראשון: 09.14.10, 12:45
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