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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Microsoft buys digital pen co N-trig for $200m

Microsoft buys digital pen co N-trig for $200m

Feb. 12, 2015

Microsoft Corporation is buying Israeli digital pen company N-trig. The company has developed a chip for a digital pen and computer screen interface. No financial details about the acquisition have been disclosed but market sources believe that Microsoft will pay $200 million for the Kfar Saba based company. N-trig declined to comment.

Microsoft already owns a stake in N-trig and is by far its largest customer, responsible for 79% of revenue. N-trig has recently been financially-troubled after failing to meet the financial conditions of a loan that it took and a "going concern" warning was attached to its 2014 statement.

N-trig is led by CEO Dan Inbar who took over from Amichai Ben-David 18 months ago. The company has 170 employees. Founded in 1999, N-trig changed its business model in 2011 to focus on digital pens. This led to a fall in revenue. The company has raised $130 million over the year in eight financing rounds so that the acquisition by Microsoft will not yield major profits for its investors.

For the full Globes news item click here

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