• Haaretz.com, Monday, September 13, 2010 1:25 PM

Google has agreed to buy Israeli startup Quiksee for around $10 million, according to Israeli publication Haaretz.com. Also known as MentorWave Technologies, Quiksee lets users create location-based interactive media content. In the company's own words, it "lets you quickly and easily create stunning virtual tours." To date, two investment groups have put $3.5 million into Quiksee, Ofer Hi-Tech and Docor International, according to Haaretz.

The reported deal follows Google's acquisition of Israeli startup LabPixies in April for about $25 million. Quiksee was founded in 2002 by Gadi Royz, Assaf Harel, Pavel Yosifovich and Rony Amira. "While the firm's sales revenues are unknown, the amount is not considered to be very high - for now," Haaretz reports. "But the firm's technology is regarded as the missing link in Google's Street View service (used by both Google Maps and Google Earth), which allows users to view photos along numerous streets around the world."

Read the whole story at Haaretz.com »