Microsoft buys digital pen co N-trig for $200mFeb. 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.
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