Google Buying Quiksee?

By Cindy Waxer September 13, 2010

Rumors abound that Google is buying Quiksee for an estimated $10 million. That’s according to Israeli newspaper Haaretz which reports that “two investment groups have put $3.5 million into Quiksee, Ofer Hi-Tech and Docor International, while a number of private investment 'angels' have also backed the firm.” If true, the acquisition marks Google’s second Israeli purchase this year, the first being startup, LabPixies. The reported move also highlights Google’s efforts to strengthen its foothold in the highly competitive social networking market.

According to its website, Quiksee, also known as MentorWave Technologies, helps people create location-based interactive videos. “Our team consists of web and media savvy entrepreneurs with lots of experience and tons of enthusiasm. Our vision is to fill the world maps with Quiksee tours that will let people virtually travel across the planet as if they were there.”

Google’s acquisition of Quiksee would help the company in its bid to build a social-networking service fit to rival Facebook. In July, the Wall Street Journal reported that Google is holding talks with online game developers including Playdom, which was recently acquired by The Walt Disney Co., Electronic Arts’s Playfish and Zynga, in which Google has a stake.

And then there are those pesky rumors that Google is launching a Facebook competitor called ‘Google Me.’ Kevin Rose of Digg recently set off speculation with a tweet that Google was working on the rival social service.

In the meantime, Google’s shopping spree continues. Google purchased six companies in August, a single-month record for the company. This year alone, Google has purchased 21 companies, compared to its previous annual record of 16 in 2007. Many of these acquisitions relate to social networking including SocialDeck, Angstro, Jambool, and

Edited by Erin Harrison

TechZone360 Contributing Editor

Related Articles

Why People Don't Update Their Computers

By: Special Guest    7/13/2018

When the WannaCry ransomware attacked companies all over the world in 2017, experts soon realized it was meant to be stopped by regular updating. Even…

Read More

More Intelligence About The New Intelligence

By: Rich Tehrani    7/9/2018

TMC recently announced the launch of three new artificial intelligence events under the banner of The New Intelligence. I recently spoke with TMC's Ex…

Read More

Technology, Innovation, and Compliance: How Businesses Approach the Digital Age

By: Special Guest    6/29/2018

Organizations must align internally to achieve effective innovation. Companies should consider creating cross-functional teams or, at a minimum, incre…

Read More

Contribute Your Brain Power to The New Intelligence

By: Paula Bernier    6/28/2018

The three events that are part of The New Intelligence are all about how businesses and service providers, and their customers, can benefit from artif…

Read More

TMC Launches The New Intelligence - an Unparalleled AI and Machine Learning Conference & Expo in Florida

By: TMCnet News    6/28/2018

TMC announced the launch of The New Intelligence conference and expo - The Event Powering the AI Revolution. This exciting new event will take place o…

Read More