Free press releases distribution network?

Agency / Source: QUALCOMM, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Qualcomm Establishes Retail Solutions Subsidiary as Standalone Company Gimbal, Inc. - Qualcomm Will Remain a Substantial Investor in Context and Proximity Platform - Qualcomm.com
Qualcomm Establishes Retail Solutions Subsidiary as Standalone Company Gimbal, Inc.

 

PRZOOM - /newswire/ - San Diego, CA, United States, 2014/04/30 - Qualcomm Will Remain a Substantial Investor in Context and Proximity Platform - Qualcomm.com. NASDAQ: QCOM

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom/Wireless/VoIP/IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

World needs to know about google malpractices - Share your Adsense publishers stories on Google tactics to steal your revenues

 

Qualcomm Incorporated today announced that its subsidiary, Qualcomm Technologies, Inc. (QTI), has signed a definitive agreement with a group of third-party investors to establish Qualcomm Retail Solutions, Inc. (QRS), an existing subsidiary of QTI, as an independent, standalone company. At close, the third-party investors will collectively assume a controlling interest in the business. QTI will remain a substantial investor. All aspects of QRS, including the Gimbal™ technology platform, will be part of this transaction. The QRS entity will be renamed “Gimbal, Inc.”

“Enabling proximal, contextually relevant experiences is an important element of our vision to bridge the digital and physical worlds across retailing, advertising, social networking and other use cases, and Gimbal, Inc. is well positioned to continue to drive industry leadership,” said Derek Aberle, President of Qualcomm Incorporated. “Qualcomm often serves as a catalyst for creating businesses and technology that enable new and unique user experiences. We look forward to seeing the Gimbal platform continue to flourish and drive the vision we have created - now as an independent entity.”

Gimbal is a context aware proximity platform that originated in Qualcomm’s internal business incubation group before transitioning into QRS. Gimbal was created to help bring Qualcomm’s vision of a ‘digital sixth sense’ to life. Gimbal includes support for geofencing and proximity beacons as well as an intuitive SDK for iOS and Android that enables brands, retailers and others to engage consumers with relevant, timely and personalized communications.

“The QRS team has made tremendous progress with the Gimbal technology platform and I am excited to continue leading this group as CEO of Gimbal, Inc.,” said Rocco Fabiano, current president of QRS. “I am eager to continue working with this team under a new corporate structure that will permit the business to respond quickly to this rapidly evolving ecosystem.”

The third-party investors are funding the business via a new investment round that includes additional funding from QTI. The investor group comprises of a mix of venture capital, strategic and individual investors, including the i-Hatch LBS Fund, which includes strategic corporate investors such as Zebra Technologies Corporation and AEG.

The transaction is expected to close in May 2014.

About Qualcomm
Qualcomm Incorporated (qualcomm.com) is the world leader in 3G and next-generation mobile technologies. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other.

Qualcomm is a trademark of Qualcomm Incorporated, registered in the United States and other countries. Gimbal is a trademark of Qualcomm Retail Solutions, Inc., registered in the United States and other countries. Other product and brand names may be trademarks or registered trademarks of their respective owners.

Contact: Warren Kneeshaw - Investor Relations
P: +1 858-658-4813 - E: ir[.]qualcomm.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom/Wireless/VoIP/IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

World needs to know about google malpractices - Share your Adsense publishers stories on Google tactics to steal your revenues

 

Agency / Source: QUALCOMM, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Telecom/Wireless/VoIP/IPTV articles,
CATCH Visitors via Your Competitors Announcements!


Qualcomm Establishes Retail Solutions Subsidiary as Standalone Company Gimbal, Inc.

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Qualcomm Incorporated | Gimbal, Inc.
Contact: Emily Kilpatrick - Qualcomm.com 
858-845-5959 corpcomm[.]qualcomm.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any QUALCOMM, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Telecom/Wireless/VoIP/IPTV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From QUALCOMM, Inc. / Company Profile


Read Telecom/Wireless/VoIP/IPTV Most Recent Related Press Releases:

Everest Group Names HCL as a Leader for Life Sciences IT Application Services
Xura’s Security Customers Benefit from Telecoms Application of Machine-Learning
Qualcomm Announces First End-to-End 802.11ax Wi-Fi Portfolio
Dialogic PowerVille LB Load Balancer for Real-Time Communications Now Rated 'Avaya Compliant'
Xura to Change Company Name to Mavenir Systems Upon Completion of Mitel Mobile Acquisition
GreatCall Expands Carlsbad Caring Center to Support Growth, Enhance Services
Nokia, Alphabet’s Access Group and Qualcomm Showcase First Live Demo of A Private LTE Network Over CBRS Shared Spectrum
Qualcomm and TDK Announce Launch of Joint Venture
Everest Group Positions HCL Amongst Leaders for Retail Banking BPO
Dialogic Named a 2016 NFV Product of the Year Award Winner by INTERNET TELEPHONY

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  JobsWare.com

Visit  NAKIVO, Inc.







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today