Acquisition apparently comes in the form ‘acquhire’, allowing company founders – all IDF ‘cyber-warriors’ – to stay on at Google.
Another Israeli technology company has announced its move to a global giant: SlickLogin on Sunday posted a notice on its website that it has joined forces with Google, two days after news broke that Israeli-owned app Viber has been purchased by Japan’s Rakuten e-commerce colossus.
SlickLogin provides a revolutionary log-in identification that uses a smartphone to deliver an “ultrasonic frequency” to a nearby computer. The frequency is emitted after the user enters his or her password, thereby completing a two-stage process.
The statement from SlickLogin hails Google as “a company that shares our core beliefs that logging in should be easy instead of frustrating, and authentication should be effective without getting in the way.”
According to reports, the company will be absorbed into Google in an “acquhire”, rather than bought outright, in a deal worth “several million”. The company’s small staff – founders Or Zelig (CEO), Eran Galili (CTO) and Ori Kabeli (VP R&D) – will continue to work on their product as part of Google. All three served in the IDF’s cyber-security unit.
According to SlickLogin’s website, this system involves “unique patent-pending technologies and a fortified protocol model enable military-grade security.”
“Google was the first company to offer 2-step verification to everyone, for free – and they’re working on some great ideas that will make the internet safer for everyone,”said the statement from the Israeli company. “We couldn`t be more excited to join their efforts.”
Google has a history of acquiring Israeli start-ups. Most famously, it purchased the social media-driven GPS app Waze in 2013 for $966 million.
Source: Ynetnews.com
