Qualcomm to Sell its Vuforia Business to PTC

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Qualcomm Connected Experiences, Inc, a subsidiary of Qualcomm Incorporated has signed an agreement to sell its Vuforia business to PTC, a global provider of technology platforms and and solutions that transform how companies create, operate, and service the “things” in the Internet of Things (IoT). Vuforia is a mobile vision platform that enables applications to see, connecting the physical world with digital experiences that demand attention, drive engagement and deliver value.

“The Vuforia team has made incredible progress establishing augmented reality as a medium for leading brands to reach millions of consumers around the globe,” said Jay Wright, vice president of Vuforia, Qualcomm Connected Experiences, Inc.  “I look forward to leading the team under PTC.” Read more

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