The Ticker

Google buys Calif. photo co. Jetpac

Tech giant Google has purchased the startup Jetpac, creator of software that analyzes the pictures cybernauts post on the Internet and works up urban guides from the information it extracts from them, the Jetpac Web site said.

Founded in 2011 with headquarters in San Francisco, Jetpac compiles information from the photos that users post on social networks, for example on Instagram, the property of Facebook, and by means of an advanced system of artificial intelligence, creates guides with the information it extracts from them.

The usual pictures of food, buildings, people and decorative elements circulated by Instagram enrich the useful content of Jetpac's online guides to the habits, activities, curiosities and leisure-time possibilities that each city has to offer.

The monetary value of the acquisition has not been revealed.

TOMORROW

•  National Association of Home Builders releases housing market index for August.

TUESDAY

• Commerce Department releases housing starts for July.
• Labor Department releases Consumer Price Index for July.

WEDNESDAY

• Federal Reserve releases minutes from its July interest rate meeting.

THURSDAY

• Labor Department releases weekly jobless claims.
• Freddie Mac, the mortgage company, releases weekly mortgage rates,
• National Association of Realtors releases existing home sales for July.
• Conference Board releases leading indicators for July.
•  Ted Finnerty, left, joins the Boston office of JLL from the New York office, where he was a vice president and associate director. Prior to coming to Boston, Finnerty led the 12-person capital improvement team for the Empire State Building. His experience also includes a number of tenant fit out projects of varying sizes for a variety of clients. Finnerty is a LEED Accredited Professional and was named to Real Estate New York's "Top 30 Under 30" list in 2007.
•  Nick Herz has joined Boston Realty Advisors as a managing director and shareholder in the Capital Markets group. Herz will focus on expanding investment sales, debt finance, and equity placement activities. Prior to joining Boston Realty Advisors. Herz served as senior vice president in the Capital Markets groups at CB Richard Ellis/New England and Colliers International.

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