Apple Confirms AlgoTrim Acquisition
Apple has acquired Swedish data-compression company AlgoTrim, a company representative confirmed to AllThingsD. “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” spokeswoman Kirstin Huguet said, reciting the company’s standard refrain on small acquisitions like these.
The price Apple paid for AlgoTrim and its plans for the company couldn’t immediately be learned.
Founded in 2005 by Anders Berglund, Anders Holtsberg and Martin Lindberg, AlgoTrim develops data-compression technology that simultaneously shortens processing times and reduces file size — just the sort of thing for optimizing mobile imaging and video. While Apple declined to elaborate on its plans for AlgoTrim, they likely involve using its expertise to make image capture on the iPhone and iPad more efficient and powerful.
Apple’s purchase of AlgoTrim is the latest in a conga line of acquisitions made during the past month that includes wireless chip developer Passif Semiconductor, video-discovery outfit Matcha, public-transit app developer Embark, crowdsourced location data company Locationary and online transit-navigation app maker HopStop.
News of the deal was first reported by Rapidus.