Directions Magazine
Hello. Login | Register

Press Releases

Home | Submit Press Release

Yandex Acquires KitLocate

Bookmark and Share
Tuesday, March 18th 2014
| Moscow, Russia
Read More About: israel, yandex


MOSCOW, March 18, Mar 18, 2014 - Yandex has purchased Israeli startup KitLocate, the developer of an energy-efficient geolocation technology for mobile devices. The KitLocate team has now fully joined the staff of Yandex.

KitLocate's technology can be applied in mobile applications for which data on a user's movements are essential, in order to offer services at the right location and at the right time. It is based on statistical analysis and allows location-based apps to less frequently request the device's geographic coordinates via GPS or GLONASS - a battery-consuming process.

KitLocate is already well known in a number of markets and is used in applications to find parking spaces, for example, and in the payment services such as IsraCard. Yandex will distribute the technology on the international market and also use KitLocate to improve its own services, including in the personalisation of mobile search and targeted advertising.

Yandex has long been working with startups and looking for talented teams around the world. In the past few years the company has acquired and invested in about a dozen startups, including in Israel. In 2010, Yandex became a shareholder in Israeli company Face.com, which is developing facial recognition technology. Facebook has since purchased Yandex's stake in Face.com and uses the technology in its social network.

KitLocate was founded in Israel in 2012. It won the Israel Advanced Technology Industries (IATI) & MasterCard Israel Technology Award 2012 and subsequently raised seed funding. KitLocate's customers include both large companies and startups.

 



Bookmark and Share

Stay Connected

Twitter RSS Facebook LinkedIn Delicious Apple Devices Android Blackberry






Recent Comments

How are GIS Companies being Disrupted by other Technologies?

There has been discussion about how GIS will impact industry applications for years. But what technologies might impact GIS users and vendors? How are GIS companies being "disrupted" by other technologies?

U.S. Army Corps of Engineers’ Mapping Team: Hoping for a Picture-perfect Hurricane Season
Beyond GPS: Five Next-Generation Technologies for Positioning, Navigation and Timing (PNT)
Meet the Unknowns in the 20 Most Promising GIS Solution Providers of 2014
A Glossary of Unmanned Aerial Vehicle (UAV) Terms
Don’t Miss These Resources on Unmanned Aerial Vehicles (UAV)
Mapping Disaster: A Global Community Helps from Space
Alteryx 9.0: “Data Scientists Not Required!”
Millennium Space Seeks Your Space-enabled Big Ideas

DirectionsMag.com

About Us | Advertise | Contact Us | Web Terms & Conditions | Privacy Policy
© 2014 Directions Media. All Rights Reserved