HTC swallows cloud app biz Dashwire
Splashes $18.5m on deal in between patent battles
Smartphone maker HTC has taken time out from its long-running patent battle with Apple to bid $18.5m for US web-based application developer Dashwire.
The platform allows users to download apps, personalise their phones and access content across multiple devices, and will be integrated into the HTCSense cloud services portfolio.
"Cloud services are key to delivering the promise of connected services to our customers," said Fred Liu, HTC president of engineering and operations, in a press blurb.
"People want access to all of their important content wherever they are on any device," he added.
The latest buy comes a month after HTC lifted the lid off plans to acquire S3 Graphics for $300m, but the two deals hardly dent its cash and cash equivalents of more than $4bn, revealed in results at the end of July.
Interestingly, Dashwire recently settled a patent case with Synchronoss, which accused the firm of breaching its cloud management IP.
HTC recently expanded its legal wrangling with Apple to the UK just weeks after the US International Trade Commission gave a prelim ruling, upholding Apple's complaint that its patents had been infringed. ®