Monday, June 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Loses Appeal In Case Against Oracle
Google Search Is Favoring The company's Own Services: researchers
Nokia, SKT Team Up On 5G Research
Samsung Has Sold 1 mln Units Of The Z1 Tizen Smartphone
Samsung To Exit The HDD Business
Samsung to Stop blocking Windows Update With New Software
Apple Brings Force Touch Feature To New iPhones
Sony PlayStation Vue Will Soon Not Require A Game Console
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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
Computex: Qualcomm Expands 802.11ac MU-MIMO Product Portfolio for Wi-Fi Access Points and Routers
Daimler and Qualcomm To Collborate On Connected Car Technologies
Qualcomm Improves AllPlay Smart Media Platform with New Features for Streaming Music Wirelessly
Qualcomm Lowers Current Quarter Forecast
Samsung To Make New Qualcomm Processors: report
NVIDIA Receives Favorable Ruling from ITC in Patent Dispute with Samsung, Qualcomm
Qualcomm To Release New Snapdragon Development Board With Wireless Capabilities
Qualcomm Previews The Next-Generation of Snapdragon Processor At MWC 2015
Qualcomm Extends LTE to Unlicensed Spectrum to Enhance Mobile Experiences
New Qualcomm Snapdragon 600 and 400 Tier Processors Bring High-end Features To Mid-range Smartphones
Chinese Antirust Authorities Fined Qualcomm
Qualcomm Cuts Fiscal 2015 Outlook On Lower Chip Demand

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .