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Stock Market & Financial Investment News

News Breaks
June 24, 2014
21:44 EDTADNCAudience acquires Sensor Platforms for $41M in cash
Audience announced that it has signed a definitive agreement to acquire Sensor Platforms for consideration consisting of $41M of cash. Sensor Platforms develops software and algorithms that interpret sensor data to enable context awareness on smartphones, wearables and other consumer devices. Closing is subject to customary conditions and is expected to be completed after June 30. Audience anticipates that it will update its expectations for future financial results that incorporate Sensor Platforms after the closing of the acquisition.
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July 12, 2014
12:37 EDTADNCAudience completes acquisition of Sensor Platforms
Audience announced that it has completed its acquisition of Sensor Platforms. Sensor Platforms develops software and algorithms that interpret sensor data to enable broad context awareness on smartphones, wearables and other smart devices. Audience believes the combination of its Advanced Voice and Multisensory Processing with Sensor Platforms' technology places the combined company in a unique position to deliver compelling solutions based on the fusion of voice and motion. The company noted, "Joining these technologies will help transform the way consumers engage with devices, by enabling seamless natural user experiences, always-on sensor fusion, and context-aware services." With the close of the acquisition, the Sensor Platforms' team is now part of Audience. The acquisition was completed on July 11 for consideration of $41M of cash.

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