After about a month of speculation, Facebook has finally announced its acquisition of Israeli facial recognition technology Face.com.
We’ve heard from multiple sources that the acquisition price was
around $100m, with others reporting that the price was between
$80m-$100m. This is absolutely not an acqui-hire, as Facebook will be
taking full advantage of the company’s technology and the advancements
it’s made on mobile — perhaps to finally include mobile tagging options
for photos.
As Face.com’s speciality is mobile facial recogition, it could
potentially allow you to upload a photo to Facebook while on the go,
instantly receive suggestions of whom to tag, and  confirm the tags with
one click.
