Published On: Thu, Apr 30th, 2015

Microsoft set to confirm N-trig acquisition

Employees of the Kfar Saba based digital pen company will join Microsoft's Israel development center.

N-trig

 

By Roy Goldenberg and Tzahi Hoffman

Microsoft Corporation (Nasdaq: MSFT) will later today confirm that it is buying Israeli digital pen company N-trig, sources inform “Globes.” The company has developed a chip for a digital pen and computer screen interface. Microsoft will pay several tens of millions of dollars for the Kfar Saba based company.

READ MORE

Microsoft already owns a stake in N-trig and is by far its largest customer, responsible for 79% of revenue. N-trig has recently been financially-troubled after failing to meet the financial conditions of a loan that it took and a “going concern” warning was attached to its 2014 statement…[READ MORE]

 

Published by Globes [online], Israel business news – www.globes-online.com

Read more about: , , , , , , , , , ,

Wordpress site Developed by Fixing WordPress Problems