Welcome, Guest! - or
Easy to remember!  »  VinNews.com

Tel Aviv - Report: Microsoft Buys Israeli Digital Pen Maker N-trig

Published on: February 12, 2015 10:14 PM
By: Reuters
Change text size Text Size  
FILE - Amihai Ben-David, chief executive of N-trig, demonstrates a pen and touch device at his office in Kfar Saba, near Tel Aviv April 6, 2009. REUTERSFILE - Amihai Ben-David, chief executive of N-trig, demonstrates a pen and touch device at his office in Kfar Saba, near Tel Aviv April 6, 2009. REUTERS

Tel Aviv - Microsoft is buying N-trig, an Israeli provider of digital pens and chips for touch screens, for at least $200 million, the Calcalist financial news website said on Thursday.

Most of N-trig’s 190 workers will be integrated into Microsoft Israel and will be part of a new research and development centre, Calcalist said, without citing sources.

Officials at N-trig and Microsoft in Israel could not be reached for comment.

N-trig was valued at $75 million when it raised money privately last February.

Advertisement:

N-trig had revenue of $36.7 million in 2013, up 38 percent from 2012. Revenue totalled $20.6 million in the first half of 2014, when it sold 1.3 million digital pens, more than three times the amount it sold in the same period of 2013.

Microsoft, which owns 6.1 percent of the company, signed a deal last year to integrate N-trig’ s pen in its Surface Pro 3 tablets. Other investors in the company include Evergreen Venture Partners, Canaan Partners and Tamares.

Customers for N-trig’s technology include Sony, Fujitsu, Hewlett-Packard and Lenovo for use in smartphones, tablets and ultrabooks.



More of today's headlines

New York - New York Times media columnist David Carr has died at his office at age 58. Carr wrote the Media Equation column for the Times, focusing on issues of media... Iowa - By posting online all of his personal email from his eight years as Florida's governor, Jeb Bush sought to show himself as a tech-savvy executive, in touch with...

 

Total0

Read Comments (0)  —  Post Yours »

1

Sign-in to post a comment

Click here to sign-in.

Scroll Up
Advertisements:
Sell your scrap gold and broken jewelry and earn hard cash sell gold today!