Qualcomm Inc. announced today that it has acquired mobile interface company Trigenix Ltd. , a mobile user interface company, for about $36 million in cash.
Trigenix Ltd (formerly 3G LAB) was founded in March 2000 in Cambridge, UK. The VC group 3i invested £2m in Trigenix (formerly 3G LAB) first funding round in April 2000, and followed on with a £3m investment in May 2001. Trigenix and QUALCOMM have worked closely together over the past year on enabling a customizable wireless device user interface via the BREW solution. Qualcomm will use the acquisition to drive forward its BREW strategy, as the combination of Trigenix's Trigplayer and other tools into the BREW client software produces a much richer offering through a truly integrated solution.
Quick math from an investor perspective: 5M£ in (or 7.5M€) for 36M$ out (or 30M€), good example of how software can be a capital efficient investment.
In 2003, Trigenix has been deployed by mobile network operators across 6 European countries. Over a hundred customised Trigenix user interfaces have been released to allow users to personalise their mobile phones, choosing from a rich selection of themes based on films, lifestyle, television, sports, music, and travel. Trigenix has its headquarters in Cambridge, UK, home to a dynamic and thriving community of mobile industry technology companies...
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