HTC Buys Abaxia For $13.2 Million

HTC Corporation has acquired 9 year old, Paris-based mobile software company Abaxia for €11 million ($13.2 million). Abaxia will “deepen and broaden our software development capabilities so that we can innovate at an even faster pace,” stated HTC CEO Peter Chou. Abaxia’s flagship mobile product is called Mobile Portal. Mobile Portal is a white label Active Idle Screen application that is embedded on handsets. Mobile Portal focuses on branding the home screen for user interaction. [WSJ]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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