Babylon Sells Services To Babylon Software For $2.5M

September 21, 2014 | As part of its efforts to bounce back from the end of the company’s cooperation with Google, Babylon‘s translation services and organizational data retrieval will be sold to Amnon Ovadia for $2.5 millon. Ovadia is the original founder of the company that in the past collaborated with Google until the collaboration was suspended in 2013 due to toolbar malware issues. The company, currently controlled by Chairman Noam Lanir, will sell its traditional translations services and organizational data retrieval to Babylon Software, a company created for the sole purpose of the deal, controlled by Ovadia and his wife, Bela. The $2.5 million will be injected into Babylon in stages: $1 million upon the signing of the deal, $750,000 a year later and an additional $750,000 within two years of the deal. Babylon was founded in 1997 as a direct translation tool.