Friday, November 16, 2012
Qualcomm Buys EPOS
San Diego-based Qualcomm Technologies, which is a subsidiary of Qualcomm Incorporated, announced today that it has acquired an Israeli firm, EPOS Development, Ltd.. Financial terms of the asset buy was not announced. EPOS Development Ltd. was a developer of ultrasound-based input technology for pen, stylus, and gesture recognition, and was based in Israel. EPOS was venture backed by Jerusalem Venture Partners (JVP), Walden Israel Venture Capital and Tel-Ad. Qualcomm said it will use the technology gained in the acquisition to further strengthen and differentiate its Snapdragon processor.