Tuesday, June 23, 2015
Intel Buys Smart Eyewear Company, Recon
"Last week Intel announced the acquisition of Recon Instruments, a Canadian company that sell smart glasses dedicated to sport people, and already raised funds from Intel Capital in September 2013," reports GPS Business News. "In total the company raised $17 million over three rounds and the acquisition is said to be upwards of $175 million.'This acquisition gives Intel a talented, experienced wearable computing team that will help us expand the market for head mounted display products and technologies,' wrote Josh Walden, senior vice president and general manager of Intel’s New Technology Group." Read more.