Monday, February 19, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Fujitsu to Showcase Quantum-Inspired, Digital Annealer Computational Architecture at Mobile World Congress 2018
Investors and Consumers Sued Intel Over Meltdown and Spectre CPU Security Flaws
Belgian Court Fines Facebook Over Users Tracking
Beocreate 4 Channel Amplifier Will Make Your Vintage Speakers Smart
Qualcomm is Seeking for a Better Offer From Broadcom
Uber Introduces New Safety Features
Apple to Fix the Telugu Bug in iPhones
Sony Lowers PlayStation VR Price to $199
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Qualcom...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 01, 2014
Qualcomm Establishes Retail Solutions Subsidiary


Qualcomm Technologies has signed a definitive agreement with a group of third-party investors to establish Qualcomm Retail Solutions, (QRS), as an independent, standalone company, responsible for Qualcomm's location awareness technology.

The chipmaker said on Wednesday that all aspects of QRS, including the Gimbal technology platform, will be part of this transaction. The QRS entity will be renamed "Gimbal, Inc."

The third-party investors are funding the business via a new investment round that includes additional funding from QTI. The investor group comprises of a mix of venture capital, strategic and individual investors, including the i-Hatch LBS Fund, which includes strategic corporate investors such as Zebra Technologies Corporation and AEG. Qualcomm will remain a minority investor.

Qualcomm did not disclose financial details of the deal.

"Enabling proximal, contextually relevant experiences is an important element of our vision to bridge the digital and physical worlds across retailing, advertising, social networking and other use cases, and Gimbal, Inc. is well positioned to continue to drive industry leadership," said Derek Aberle, President of Qualcomm Incorporated. "Qualcomm often serves as a catalyst for creating businesses and technology that enable new and unique user experiences. We look forward to seeing the Gimbal platform continue to flourish and drive the vision we have created - now as an independent entity."

Gimbal is a context aware proximity platform that originated in Qualcomm's internal business incubation group before transitioning into QRS. Gimbal was created to help bring Qualcomm's vision of a 'digital sixth sense' to life. Gimbal includes support for geofencing and proximity beacons as well as a SDK for iOS and Android that enables brands, retailers and others to engage consumers with relevant, timely and personalized communications. The Bluetooth technology behind Gimbal meets standards for iBeacon technology used in Apple stores.

Qualcomm expects the transaction to close in May 2014.




Previous
Next
Sony Revises Profit Estimate Due To Low Blu-ray Disc Demand, PC Sales        All News        AT&T Cosidering A DirecTV Acquisition, WSJ Says
Sony Revises Profit Estimate Due To Low Blu-ray Disc Demand, PC Sales     General Computing News      Google Stops Reading Students' Gmail

Get RSS feed Easy Print E-Mail this Message

Related News
Qualcomm is Seeking for a Better Offer From Broadcom
Qualcomm to Discuss Next Steps Following Meeting With Broadcom
Qualcomm Announces Wireless Edge Services, 2 Gbps LTE Modem, 5G NR Roadmap
Broadcom to Seek the Election of Six, Rather than 11, Nominees to the Qualcomm Board
Qualcomm Board Rejects Revised Broadcom Proposal
Qualcomm Lists Carrier and Smartphone Makers that Will Use its 5G Chips in 2019
Could Qualcomm be Excluded From the iPhone Supply Chain?
Broadcom Makes Final Offer for Qualcomm
Broadcom to Raise Qualcomm Bid: reports
Qualcomm Reports Strong Q4 Results, Expands Partnership With Samsung
Qualcomm Expands in China With 5G and RF Front-End Solutions Deals
European Commission Fines Qualcomm $1.23 Billion for Paying Apple to Use Its Chips

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .