HTC Buys Abaxia For $13.2 Million

Posted Jun 7, 2010

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]