According to a report in the Israeli newspaper Haaretz, Google is looking to purchase Or Yehuda-based Quiksee. This acquisition would mark the second company Google has bought in Israel within the last six months.
In April, Google paid an estimated $25 million for LabPixies, an Israel-based startup and a leading publisher of web and mobile applications.
Quiksee’s Innovative Technology
According to CNN Fortune, Quiksee, also known as MentorWave Technologies, allows users to develop ‘Virtual Reality’ areas in places where Google cannot run its image capture technology. This innovative technology enables users to create immersive, interactive virtual tours, which can be particularly useful for real estate, tourism, and educational purposes. By integrating Quiksee’s technology, Google could enhance its existing services like Google Maps and Google Earth, providing users with more comprehensive and engaging virtual experiences.
Quiksee was established by Gadi Royz, Assaf Harel, Pavel Yosifovich, and Rony Amira in 2002. The company has received an investment of $3.5 million from two companies, Ofer Hi-Tech and Docor International, while a number of private investment “angels” have also backed the firm. This financial support has enabled Quiksee to develop and refine its cutting-edge virtual reality technology, making it an attractive acquisition target for a tech giant like Google.
Potential Impact of the Acquisition
Both Google and Quiksee have declined to comment on the acquisition, but the Quiksee site is currently being updated, so more information may be available soon. If the acquisition goes through, it could have significant implications for both companies and the broader tech industry. For Google, acquiring Quiksee would not only bolster its virtual reality capabilities but also strengthen its presence in the Israeli tech ecosystem, which is known for its innovation and talent.
For Quiksee, being acquired by Google could provide the resources and platform needed to scale its technology to a global audience. This could lead to new applications and use cases for Quiksee’s virtual reality technology, further solidifying its position as a leader in the field.
Moreover, this acquisition highlights Google’s ongoing strategy of acquiring innovative startups to enhance its product offerings and stay ahead of the competition. By continuously integrating new technologies and talent, Google can maintain its position as a leader in the tech industry and continue to deliver cutting-edge solutions to its users.
In conclusion, Google’s potential acquisition of Quiksee represents a strategic move to enhance its virtual reality capabilities and strengthen its presence in the Israeli tech ecosystem. With Quiksee’s innovative technology and Google’s resources, this partnership could lead to exciting new developments in the world of virtual reality and beyond.
Via IT Portal
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