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Tuesday 18 March 2014

Yandex Buys Israeli Geo-Location Platform KitLocate

Yandex announced this morning that it has acquired Israeli startup KitLocate. According to third-party sources, the deal was worth “several million euros.” Yandex will gain and maintain a presence in Tel Aviv though the acquisition.

The chief virtue of KitLocate is that it can provide location to apps without using much power unlike GPS or triangulation, which can drain mobile batteries. KitLocate also has both iOS and Android SDKs. There’s also a “social location” capability that can detect and notify app users when they’re in proximity to one another.

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