Google Set To Buy Quicksee

Google is set to buy Israeli start-up company Quicksee in a bid to enhance its location-based services.

First reported by Israeli newspaper Haaretz the acquisition of Or Yehuda-based Quiksee would be Google's second acquisition in the country. Google took over LabPixies, an Israel-based start up for an amount of $25 million in April this year.

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.

The videos developed can be turned into an interactive virtual tour to put on Google Maps.

Report suggests that the technology provided by Quicksee has been considered a missing link in development of Google Map's Street View service, and therefore, appears to be a major acquisition for the search giant.

The deal has been estimated at $10 million, however, both the companies have refrained from confirming the report.

Quicksee was established by Gadi Royz, Assaf Harel, Pavel Yosifovich and Rony Amira in 2002.