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United States : INVENSENSE goes on shopping spree; inks definitive acquisition deals with 2 companies

July 24, 2014



A company that provides intelligent sensor solutions, InvenSense, Inc., seems to be on a shopping spree, acquiring other companies.

The company has inked a definitive deal to acquire Trusted Positioning, Inc. (TPI), a privately owned indoor/outdoor tracking firm with the vision to provide 'Positioning Everywhere.'

InvenSense is also buying context analysis software firm Movea.

By augmenting GNSS and Wi-Fi based location infrastructure, TPI's site tracking technology boosts precision both indoors and outside.

TPI s software platform offers seamless and accurate positioning and also solves the difficult issue of alignment between the user and the mobile device, using inertial sensors like accelerometers, gyroscopes, magnetometers, and pressure sensors in mobile and wearable devices.

The TPI platform offers comprehensive inertial navigation software solutions for a range of industries including smartphones, tablets, wearables, in-vehicle navigation, personnel tracking, and machine guidance and control.

InvenSense has also inked another definitive deal to acquire Movea, a privately owned provider of software for ultra-low power location, activity tracking, and context sensing.

Movea's products, technology, and IP span a vast range of signal-processing and data-fusion technology used in consumer mobile (smartphones and tablets), TV interaction, and wearable sports and fitness applications.

TPI's CEO, Chris Goodall, said : 'InvenSense shares our passion for positioning everywhere, and they have been a strong supporter of the Trusted Positioning team, technology and vision. We are pleased to be joining the InvenSense family with the goal of making indoor/outdoor positioning ubiquitous. Together with InvenSense we will now have the required resources and investment to mainstream this technology.'

President and CEO, InvenSense, Behrooz Abdi, added : 'With the addition of Movea and TPI, InvenSense achieves a significant milestone as it transitions to a leading provider of intelligent sensor System on Chips (SoC) for the fast growing mobile market. AlwaysOn location and activity tracking are essential to enabling contextually aware products and services. The tight integration of our low-power, high performance, motion and sound sensors, along with TPI's advanced location tracking software and Movea s data fusion algorithms, will position us to deliver on this 'AlwaysOn' promise.'


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Source: TendersInfo (India)


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