Qualcomm Acquires Digital Fountain
Mobile company Qualcomm (NASDAQ:QCOM) has bought IPTV and mobile video company Digital Fountain (DF). Digital Fountain is located in Fremont, Calif. DF stated by providing technology to national defense companies and then moved to mobile devices. One of DF’s most popular products is the DF Raptor. The Raptor allows mobile devices to send digital media over CDNs.
DF’s customers include Cisco, Sirius XM, Sony, Nokia, Adobe, etc. Qualcomm will keep seven key engineers on board from the company to maintain support for DF’s customers. The team will be moved to Qualcom’s Santa Clara, Calif. officers. Mike Luby, a DF founder and the former CTO, will report to Qualcomm’s CTO Roberto Padovani.
[via paidContent]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry