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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Yandex Acquires KitLocate

Yandex Acquires KitLocate

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 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.

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.

For the full press realese on GlobeNewswire click here.

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