Monday, October 12, 2015
Qualcomm Sells Vuforia To PTC
San Diego-based Qualcomm said this morning that it is selling its Vuforia Internet-of-Things (IoT) business to PTC. Financial terms of the deal were not disclosed. The two said that PTC will acquire Vuforia and its developer ecosystem. Vuforia develops mobile vision and augmented reality software, and was created at Qualcomm five years ago.