HTC Mobile Enterprise Investment

HTC (2354) on Monday revealed that it will purchase a 17.1% stake in a U.S.-based next-generation enterprise platform provider Magnet systems for $35.4 million, Reuters reported. The investment will help the Taiwanese smartphone vendor enhance the services it offers to its mobile enterprise customers. “The investment will bring social, mobile, and cloud capabilities to HTC’s portfolio of service offerings to its mobile enterprise customers,” the company said in a statement. According to HTC, Magnet Systems, which is based in Silicon Valley, is building a platform of next-generation applications that help accelerate the development and delivery of mobile enterprise applications.