Microsoft to Acquire Perceptive Pixel for Multi-Touch Display
Software major Microsoft and Perceptive Pixel Inc. (PPI) today, July 9, announced that they have entered into a definitive agreement under which Microsoft will acquire PPI, which offers multi-touch display solutions.
“The acquisition of PPI allows us to draw on our complementary strengths, and we’re excited to accelerate this market evolution,” said Kurt DelBene, president, Office Division for Microsoft.
“PPI’s large touch displays, when combined with hardware from our OEMs, will become powerful Windows 8-based PCs and open new possibilities for productivity and collaboration.”
Read More Acquisition Stories:
- Facebook Likes Instagram; Buys it for $1 Billion
- SAP to Acquire Syclo for Enterprise Mobility
- LinkedIn to Acquire SlideShare for $118 Million Only
- IBM Buys Out Vivisimo to Target Big Data
- IBM Completes Acquisition of Tealeaf Technology
- Microsoft to Shell out $1.2 Billion to Acquire Yammer
Founded in 2006 by Jeff Han, PPI shipped its first multi-touch workstation and large wall solutions in early 2007. In 2008 its technology gained widespread recognition for transforming the way CNN and other broadcasters covered the 2008 U.S. presidential election, according to Microsoft.
“We are incredibly excited to be working together on our mutual passion to build technologies that enable people to collaborate and communicate,” Han said. “By joining Microsoft, we will be able to take advantage of the tremendous momentum of the Microsoft Office Division, tightly interoperate with its products, and deliver this technology to a very broad set of customers.”
Terms of the deal were not disclosed.
Photo courtesy: Perceptive Pixel, Inc.
