HTC has acquired mobile app company Dashwire for $18.5 million, likely in an effort to fight against current patent litigation brought by rivals.
The global smartphone maker says the move will help it strengthen its cloud-based services.
Following suits from Apple and others, HTC has used its lush cash supply to begin acquisitions, including a $335 million purchase of S3 Graphics.
That move has already paid off, as S3 won a patent case over Apple two weeks ago.
Dashwire is said to have a portfolio of 20,000 patents purchased from a company called Intellectual Ventures. IV has licensing agreements with Google, Intel and Microsoft, among others, with many related to mobile devices.
Following suits from Apple and others, HTC has used its lush cash supply to begin acquisitions, including a $335 million purchase of S3 Graphics.
That move has already paid off, as S3 won a patent case over Apple two weeks ago.
Dashwire is said to have a portfolio of 20,000 patents purchased from a company called Intellectual Ventures. IV has licensing agreements with Google, Intel and Microsoft, among others, with many related to mobile devices.
