Add-on Acquisition • Software

InvenSense Acquires Trusted Positioning

On July 9, 2014, InvenSense acquired software company Trusted Positioning

Acquisition Context
  • This is InvenSense’s 1st transaction in the Software sector.
  • This is InvenSense’s 1st transaction in Canada.
  • This is InvenSense’s 1st transaction in Alberta.

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M&A Deal Summary

Date July 9, 2014
Target Trusted Positioning
Sector Software
Buyer(s) InvenSense
Deal Type Add-on Acquisition

Target Company

Trusted Positioning

Calgary, Alberta, Canada
Trusted Positioning, Inc. is a developer of software for consumer and industrial use cases to fusing data from inertial sensors.
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Buyer Overview 1

Buyer

InvenSense

San Jose, California, United States

Category Company
Founded 2003
Sector Semiconductors
Employees644
Revenue 418M USD (2016)
DESCRIPTION

InvenSense, Inc. is a provider of intelligent sensor system on chip (SoC) for Motion and Sound solutions found in Mobile, Wearables, Smart Home, Industrial, and Automotive products.


Deal Context for Buyer #
Overall 3 of 3
Sector: Software 1 of 1
Type: Add-on Acquisition 2 of 2
State: Alberta 1 of 1
Country: Canada 1 of 1
Year: 2014 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 Movea SA

Grenoble, France

Movea, which is headquartered in Grenoble (France), was set up in March 2007 as a spin-out from French research institute CEA-Léti. It develops and sells solutions for recording human movement. Movea’s products are mobile, wireless, and cost and energy saving. Movea’s motion-sensing modules are aimed both at the consumer market, with pointing devices and mobile telephony, and at the health care market, including revalidation and recording of physical activities. In 2007, Movea acquired the US company Gyration, which specializes in pointing devices for digital media.

Buy $81M