Andre Yoskowitz
7 Aug 2011 23:48
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.