Synaptics paid $15 million in June when it purchased N. Idaho startup Pacinian

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.