NXP is to buy Bluetooth Low Energy IP and engineering assets from the eight year-old Californian fabless company Quintic.
Sixty-five engineers in Quintic’s wearable and Bluetooth Low Energy (BTLE) group are expected to join NXP.
Internet of Things – IoT
“With this transaction, NXP now offers the complete range of ultra-low power connectivity standards relevant to the internet-of-things, being NFC, Zigbee and BTLE,” said NXP’s Mark Hamersma.
NXP believes the acquisition will help its efforts in health and fitness wearables, mobile transactions, proximity marketing, smart home and automotive.
Quintic, founded in 2006 by two ex-Marvell engineers and a Philips engineer, focuses on sports/fitness wearable devices and smart app-enable accessories for smartphone and mobile computing platforms.
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