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.
HTC eyes enterprise market, invests $35.4 million in Magnet Systems
Updated Dec 19th, 2018 8:33PM EST
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Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.
