Posts tagged: Synaptics
Back in June this year Silicon Valley input-interface company Synaptics Inc. acquired North Idaho startup Pacinian. The company has designed very thin and very responsive keypads and input devices.
At the time the purchase price wasn't disclosed.
The latest Synaptics 10-Q lists the price as $15.0 million. But shareholders, including several area venture fund investors, will also stand to get additional returns under some “contingency” events listed in the deal.
Up to $11.9 million more would go to former stockholders based on the number of units using the ThinTouch design that are shipped. For instance, Synaptics states that $5.0 million will be paid to former Pacinian stockholders upon “customer acceptance of a ThinTouch product,” and up to $10.0 milloin of additional consideration based on a “certain rate for each unit shipped” using ThinTouch technology through June 2016.
Our take: let's pull for ThinTouch. Any cash coming here from Synaptics will be a nice bit of stimulus funding.
This is the promo video produced by Synaptics, the company that acquired the technology developed by Pacinian, a promising North Idaho startup doing smart things with very thin pads and screens.
The acquisition by Synaptics was two weeks ago. This short video summarizes the advantages the ThinTouch keyboard will provide for companies adding it to their laptops.
A. No moving key parts.
B. Cleaner distribution of light to illuminate keys in darkness.
C. Ability to use force sensing, as in this video where holding down a key makes an uppercase character.
D. Total thinner keypad leaving more room for battery.
Silicon Valley company Synaptics has purchased Coeur d’Alene-based tech startup Pacinian. The announcement, announced recently, will mean an expansion of workers at the Pacinian research office in North Idaho, said CEO Jim Schlosser.
Synaptics is a publicly traded company. It develops input and touchpad devices for major electronics companies including Apple, Asus, HTC, Lenovo, Gateway, HP, Sony, Ericsson, Toshiba and others. It’s estimated to have roughly 65 percent of the notebook touchpad market.
Pacinian, launched in 2007, develops thin and highly responsive keyboards and touchscreens. Its major product to date is the ThinTouch keyboard that uses no electronics but creates a 40 percent thinner contact surface than conventional keyboards.
Terms of the deal were not disclosed.
A press release said: “Synaptics’ superior TouchPad technology, used in the majority of today’s notebook PCs, will be coupled with Pacinian’s innovative ThinTouch keyboard technology to provide an unparalleled human interface experience.”
All of Pacinian’s assets and patents were included in the deal.