Pixtronix, an Andover, MA-based maker of low-power displays, has been acquired by San Diego tech giant Qualcomm (NASDAQ: [[ticker:QCOM]]), according to Scott Kirsner’s Innovation Economy blog. Terms of the purchase weren’t disclosed, but the report cites a price range of $175-200 million, based on sources close to the deal. A source of mine confirmed the deal but couldn’t provide any details on the record.
Pixtronix started in 2005 and has raised a little more than $50 million in venture funding from Atlas Venture, Kleiner Perkins Caufield & Byers, and other investors. The company reportedly has 45 employees, and they’ll stay in Andover. Pixtronix is led by CEO Anthony Zona.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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