HTC Acquires Dashwire
In the wake of impressive second-quarter earnings, HTC today announced the acquisition of Seattle-based Dashwire, maker of the Dashworks platform that provides mobile and web applications, enabling users to set up and personalize their smartphones and access their mobile content across multiple screens and services.
Dashwire will become a wholly owned subsidiary of HTC. Neither company gave any details as to the details of the sale, but The Wall Street Journal reported the sale amount was in the range of $18.5 million.
"Cloud services are key to delivering the promise of connected services to our customers," said Fred Liu, president of engineering and operations of HTC, in a statement. "The addition of Dashwire's cutting-edge sync services and deep mobile cloud experience strengthens our ability to deliver these services in a more powerful way."
HTC said it will use Dashwire's cloud sync and device set up products to extend the HTCSense.com cloud services it launched last year.
HTC has been vocal about its intentions to use $4.1 billion in available cash to invest in technology and patents. The acquisition of Dashwire might help HTC defend itself against recent patent infringement allegations from Apple, but HTC declined to comment on that aspect of the purchase.
HTC reported that smartphone sales had doubled in the second quarter over the previous year, rising to 12.1 million.