Posted by TechRadars in news Tags laser technology,technology,news source Techradar title Intel announces $1 billion acquisition and other big deals article Posted to TechRadaru by Techradars article Intel announced a $1bn investment in LaserFocus, the laser-scanning firm that was acquired by Microsoft last year for $1,700bn.
The company is expected to become one of the most important US technology companies, with its technologies used by companies such as Microsoft, Cisco and Apple.
The acquisition of a technology company, however, is unlikely to mean the end of Microsoft’s involvement with LaserFocus.
The technology firm, which was founded in 1998 by Michael Troughton-Smith, is now part of a global consortium of companies that include Intel, IBM and Oracle.
Microsoft, which had been looking for a way to increase its share of the $100bn market for consumer-grade laser-based scanners, was keen to get its hands on a leading American technology firm that could help Microsoft sell its own software to the US market.
LaserFocus is also the developer of Windows LaserScan, which it bought last year.
“Laserfocus is a great partner and will help us continue to build a platform that helps developers get their apps to market quickly,” said Microsoft CEO Satya Nadella.
Intel has long been a major supporter of the US laser market.
It is believed to have invested in LaserScan for $10m in 1999, while it later bought another laser scanning company, LaserSpan, for $150m.
Microsoft was also keen to acquire LaserFocus when it bought Intel’s $60bn purchase of LaserScans division last year, but the deal collapsed after the acquisition was seen as too big for Intel.
Microsoft has since bought rival laser-scanners from Intel and has since partnered with the technology firm to build Windows LaserScan, which will be released next year.
Intel’s deal with Microsoft will make it one of Microsofts largest technology investments.
Microsoft said the acquisition would bring its total acquisitions to more than $10bn and include LaserFocus as part of its portfolio.
Laserscans main competitors are the Canon PowerShot and Canon PowerLogic cameras.
The deal will allow Intel to “add more value to the Windows ecosystem”, according to a statement from the company.
Intel, which makes chips for the Apple iPhone and iPad, was once the world’s largest laser-technology company, with revenues of more than US$3bn.
Lampshades market is estimated to be worth about $1tn (£600bn), with Intel’s investments increasing the number of devices that can be scanned by a laser.