Home / Technology / Microsoft buys Israeli digital coop builder N-trig: report

Microsoft buys Israeli digital coop builder N-trig: report


TEL AVIV (Reuters) – Microsoft (MSFT.O) is shopping N-trig, an Israeli provider of digital pens and chips for hold screens, for during slightest $200 million, a Calcalist financial news website pronounced on Thursday.

Most of N-trig’s 190 workers will be integrated into Microsoft Israel and will be partial of a new investigate and growth center, Calcalist said, but citing sources.

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

N-trig was valued during $75 million when it lifted income secretly final February.

N-trig had income of $36.7 million in 2013, adult 38 percent from 2012. Revenue totaled $20.6 million in a initial half of 2014, when it sole 1.3 million digital pens, some-more than 3 times a volume it sole in a same duration of 2013.

Microsoft, that owns 6.1 percent of a company, sealed a understanding final year to confederate N-trig’ s coop in a Surface Pro 3 tablets. Other investors in a association embody Evergreen Venture Partners, Canaan Partners and Tamares.

Customers for N-trig’s record embody Sony (6758.T), Fujitsu (6702.T), Hewlett-Packard (HPQ.N) and Lenovo (0992.HK) for use in smartphones, tablets and ultrabooks.

(Reporting by Tova Cohen; Editing by Mark Potter)

Article source: http://www.reuters.com/article/2015/02/12/us-ntrig-m-a-microsoft-idUSKBN0LG14020150212

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