Friday, October 09, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ITC Says Samsung Did Not infringe Nvidia's Patents
Firefox To Switch Away From Plugins
ARCHOS and Sikur Ensure Your Privacy with GranitePhone
Apple Removes Apps From Online Store
PC Shipments Kept Falling In 3Q
Apple Says Battery Tests For iPhone 6s Lineup May Be Misleading
Qualcomm Showcases 24-core Server Chip
AT&T Customers Allowed To Make Calls Over Wi-Fi
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.

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 Showcases 24-core Server Chip
Samsung To Use Snapdragon 820 Chips In Some Galaxy S7 Phones: report
Qualcomm Details Snapdragon 820 Connectivity, Quick Charge 3.0 Technology New Chipsets
Qualcomm To Release Reference Platform For Consumer Drones
Qualcomm Details New Snapdragon 820 and Kryo CPU
Qualcomm Snapdragon 820 Processor To Feature Mobile Anti-malware Technology
Qualcomm Says Next-Generation GPU Architecture and Image Signal Processor Will Bring Better Graphics To Your Smartphone
Qualcomm Enables Wireless Charging for Mobile Devices with Metal Cases
Qualcomm To Cut Workforce
Europe Opens Investigations Against Qualcomm
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

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 .