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Apple acquires Israeli co LinX Imaging for $20m

Apple Inc. (Nasdaq: AAPL) has acquired Israeli camera record developer LinX Imaging. The Zikhron Yaakov formed association was founded in 2009 by CEO Ziv Attar and VP program Andrey Tovchigrechko. The association has lifted several million dollars and shareholders embody a founders and Shaul Attar, a father of Ziv.

Apple buys smaller record companies from time to time and we generally do not plead a purpose or plans, an Apple orator told a “Wall Street Journal.” LinX Imaging itself declined to comment.

Sources tighten to a understanding contend that a dual companies had been in talks for an merger cost of about $20 million.

LinX develops and markets tiny multi-aperture cameras for tablets and smartphones, that use algorithms to furnish 3D images. LinX’s technology, according to a company, can assistance furnish 3D models including for face identity.

LinX had formerly been in modernized talks to sell a association to both LG and Samsung and had even launched a successful commander plan with a latter though no agreement was ever reached on embedding a cameras into Samsung’s smartphones.

This is Apple’s third Israeli acquisition. Apple bought peep memory developer Anobit for $390 million in 2012 and transformation sensor developer PrimeSense for $300 million in 2013. The US association also took in 150 Texas Instruments employees in Ra’anana who were being laid off.

Apple CEO Tim Cook visited Israel in Feb to establish Apple Israel’s new domicile and growth core in Herzliya Pituach.

Published by Globes [online], Israel business news – www.globes-online.com – on Apr 15, 2015

Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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