Qualcomm Signs Definitive Agreement to Sell Vuforia Business to PTC
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PTC (PTC) to Acquire Vuforia from Qualcomm (QCOM) in $65M Deal
October 12, 2015 8:16 AM EDTPTC (NASDAQ: PTC) announced it has signed a definitive agreement to acquire the Vuforia business from Qualcomm Connected Experiences, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), for $65 million. Vuforia is the industrys most advanced and widely adopted augmented reality (AR) technology platform, and will enrich PTCs technology portfolio and accelerate PTCs strategy as a leading provider of technologies and solutions that blend the digital and physical worlds.
Under terms of the agreement, PTC will acquire the award-winning Vuforia business, including the developer ecosystem.... More
