Saturday, May 2, 2015

Microsoft Acquires N-trig's Pen Technology

Microsoft today officially announced that it has acquired technology and related assets from N-Trig, an Israeli provider of digital pens and chips for touch screens, the Wall Street news website reported on Thursday.

Microsoft has finally confirmed that it has acquired  N-trig's technology, the company behind Microsoft Surface pen. While terms of the deal weren't disclosed, sources familiar with the deal say that the software giant paid about $30 million for the pen technology.

Microsoft owns a 6.1 percent stake in the Israel-based company and has signed a deal last year to integrate N-trig's pen technology into the Microsoft Surface Pro 3. 

The deal was originally reported back in February, with Reuters reporting that the price tag for the entire company was at least $200 million. Microsoft ended up buying the pen technology and related assets, and not the entire company. Microsoft previously invested in N-trig, which (according to the company) has raised $130 million over the year in eight financing rounds.

Founded in 1999 and based in Israel, N-trig is a startup that develops touch screens and pen styluses. It enables OEMs to enhance their touch-enabled devices by developing industry-leading digital pens with high performance and natural writing experience. N-trig's customers include Sony, Fujitsu, Hewlett-Packard, Lenovo, Dell, HTC, Acer, Intel  and Toshiba.

Microsoft is no stranger to the Israeli startup space, the software giant has been active in the Israel tech ground for quite some time. Last year, it snatched Aorato, an enterprise security startup co-founded by veterans of the Israel Defense Forces

Image Credit: Informationweek and N-trig

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