Microsoft Corp. enters into a definitive agreement to acquire Perceptive Pixel Inc.
Microsoft and Perceptive Pixel Inc. have announced that they have entered into a definitive agreement under which Microsoft will acquire PPI, a recognized leader in the research, development and production of large-scale, multi-touch display solutions. Microsoft hopes the move will strengthen its position in both the tablet market and its Windows 8-based PC's.
"The acquisition of PPI allows us to draw on our complementary strengths, and we’re excited to accelerate this market evolution," said Kurt DelBene, president, Office Division for Microsoft. "PPI’s large touch displays, when combined with hardware from our OEMs, will become powerful Windows 8-based PCs and open new possibilities for productivity and collaboration."
"We are incredibly excited to be working together on our mutual passion to build technologies that enable people to collaborate and communicate," Han said. "By joining Microsoft, we will be able to take advantage of the tremendous momentum of the Microsoft Office Division, tightly interoperate with its products, and deliver this technology to a very broad set of customers."
Terms of the deal were not disclosed. The acquisition is subject to customary closing conditions, including regulatory approval.