Friday, February 5, 2010

MEMSIC Bought Crossbow Technology at USD18mn

MEMSIC, Inc. recently acquired wireless sensor network solution provider Crossbow Technology, Inc. at a price of USD 18 million.
Established in 1995, Crossbow Technology is a pioneer in the field of wireless sensor network. Headquartered in San Jose, California, Crossbow Technology accumulates rich experience in the commercial use of sensor network.
Driven by venture capitals, Crossbow Technology grew in recent years. However, the lingering financial crisis made great impacts on the US-based company.

Read More: TradingMarkets.com

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