HTC Corp. acquires Dashwire Inc. for $18.5M

In a deal that is uniformly being labeled as a patent portfolio purchase, HTC Corp. has acquired Dashwire Inc. for $18.5 million. The Seattle-based company offers cloud services for operators, device makers and retailers with support for BlackBerry, Android, Symbian and Windows Mobile.
HTC said it plans to incorporate Dashwire’s cloud sync and device set up products into the HTC Sense framework, but Dashwire’s true value for HTC cloud lie in its patent position, which it bolstered through a deal with Intellectual Ventures in April.
“Cloud services are key to delivering the promise of connected services to our customers,” Fred Liu, president of engineering and operations at HTC, said in a prepared statement. “People want access to all of their important content wherever they are on any device. The addition of Dashwire’s cutting-edge sync services and deep mobile cloud experience strengthens our ability to deliver these services in a more powerful way.”