Source: The Wall Street Journal
Facebook has agreed to purchase Face.com, a photo-recognition technology company that already has partnered with the social network.
The acquisition would be the latest in a string of additive technology and staff acquisitions made by Facebook as it looks to keep beefing up its offerings.
Face.com's technology helps Facebook users tag and identify others in their photos, a key aspect for Facebook's success. Facebook earlier this year doubled down on its photo abilities with its $1-billion planned purchase of Instagram, a photo-sharing site many saw as competitive to Facebook's own photo dominance on social networking sites.
In a blog post on its own site, Face.com said, "We love building products, and like our friends at Facebook, we think that mobile is a critical part of people's lives as they both create and consume content, and share content with their social graph. By working with Facebook directly, and joining their team, we'll have more opportunities to build amazing products that will be employed by consumers -- that's all we've ever wanted to do."
Facebook said in a short statement that "Face.com's technology has helped to provide the best photo experience. This transaction simply brings a world-class team and a long-time technology vendor in house."
Terms of the deal were not disclosed.
Read More: Facebook to buy facial-recognition company Face.com
