Apple (AAPL) Confirms That They Have Acquired AlgoTrim
Apple Inc. has confirmed that they have acquired Swedish data compression company AlgoTrim. AlgoTrim is known for developing advanced solutions for mobile devices, data compression, mobile imaging, mobile video, and computer graphics. The price of the acquisition was undisclosed.
AlgoTrim was founded by Anders Berglund, Anders Holtsberg, and Martin Lindberg in 2005. AlgoTrim can shorten the processing time and can reduce file size so that mobile imaging and video can be optimized.
Apple also recently acquired companies like Passif Semiconductor, Matcha, Embark, Locationary, and HopStop.