Microsoft to Acquire Perceptive Pixel Inc.
Published on Monday, 09 July 2012 11:14 Written by TradersHuddle Staff
Perceptive Pixel's large-scale, multi-touch hardware and software technology will unlock new collaboration and productivity scenarios.
REDMOND, Wash. and NEW YORK, July 9, 2012 /PRNewswire/ -- Microsoft Corp. and Perceptive Pixel Inc. (PPI) today announced that they have entered into a definitive agreement under which Microsoft will acquire PPI, a recognized leader in research, development and production of large-scale, 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."
Founded in 2006 by Jeff Han, a renowned pioneer in multi-touch technology, 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. In 2009 the Smithsonian awarded the company the National Design Award in the inaugural category of Interaction Design. PPI's patented technologies are used across a wide variety of industries such as government, defense, broadcast, energy exploration, engineering and higher education, and its expertise in both software and hardware will contribute to success in broad scenarios such as collaboration, meetings and presentations.
"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. The acquisition is subject to customary closing conditions, including regulatory approval.
About Perceptive Pixel Inc.
Perceptive Pixel Inc. (PPI) is a recognized leader in interaction design, having pioneered the development of large-scale, unlimited multi-touch devices that came to prominence during the historic 2008 U.S. presidential elections. PPI's advanced multi-touch technology platform enables professionals to get closer to their content, removing barriers to understanding, communication and collaboration. PPI is privately held and headquartered in New York. For more information, visit www.perceptivepixel.com.
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
SOURCE Microsoft Corp.
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