Tablets – Microsoft Purchases N-trig Digital Pen
In line with Microsoft’s focus shift to tablets, it recently bought N-trig which is an Israeli company that specializes in touch screens and digital pens.
The full price was not disclosed, but is said to be around $200 million.
The End Of The Mouse?
Most of N-trig’s 190 workers will soon be integrated into Microsoft Israel, and willapparently be a part of a new research and development center.
Officials at N-trig and Microsoft in Israel could not be reached for comment.
"It provides another natural way to interact with the computer",
said Bill Veghte, who is a senior vice president for Microsoft’s Windows business in a recent interview with the Wall Street Journal.
"The mouse, I think, is gone and I don’t see a reason to have one".
Amichai Ben-David, CEO of N-trig said in the same interview.
N-trig was valued at $75 million after it raised money privately last February, after failing to raise enough from a failed NPO – National Public Offering.
N-trig had revenue of $36.7 million in 2013, up 38 percent from 2012.
Revenue totaled $20.6 million in the first half of 2014, when it sold 1.3 million digital pens, more than three times the amount it sold in the same period of 2013.
Microsoft, which originally owned 6.1% of the company, signed a deal last year to integrate N-trig’ s pen in its Surface Pro 3 tablets.
Other investors in the company include Evergreen Venture Partners, Canaan Partners and Tamares.
Who Does N-trig Presently Sell To?
Customers for N-trig’s technology include Sony (6758.T), Fujitsu (6702.T), Hewlett-Packard (HPQ.N) and Lenovo (0992.HK) for use in their smartphones, tablets and ultrabooks.
A Footnote On Apple
Tim Cook, the CEO of Apple Inc., is planning a visit to Israel next week to inaugurate Apple Israel’s new headquarters in Herzliya.
During the trip, Cook is also expected to meet with former President Shimon Peres, as well as the country’s senior high-tech figures.
The building, which covers an area of 12,500 square meters, will employ 800 employees, and will house Apple Israel’s development center as well as a marketing and sales division.