N-Trig has a team of almost 200 workers, who will now move to Microsoft’s local Israel arm to form a new R&D center, according to Reuters which cites local publication The Calcalist as the source.
Founded in 1999, N-Trig has garnered more than $150 million in funding to date, and has hubs in North America, Japan, Taiwan, and China, in addition to its headquarters in Israel. According to Israel’s Globes publication, N-Trig’s value was around the $200-300 million mark in 2011, but this seemingly fell by $117 million in 2014. Late last year, N-trig cancelled a planned IPO after failing to achieve the value it sought.
While Microsoft has been a key partner for N-Trig, the Kfar Saba-based company has also provided its touchscreen technology to Lenovo, Sony, and Fujitsu, covering tablets, phones, and laptops.
We’ve reached out to both Microsoft and N-Trig for confirmation of this deal and will update here.
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