Report : Apple Buys Data Compression Startup AlgoTrim
Apple has already reportedly acquired 6 start-ups in this year. AlgoTrim is the number 7. Apple has not given any comments till now about this acquisition.
AlgoTrim is a software firm that develops advanced solutions for mobile devices to maximize their performance in the area of data compression, mobile imaging, video, and computer graphics. As depicted by its name, firm develops such compression algorithms that use less bandwidth, power and memory and faster image processing specially JPEG ones.
AlgoTrim mostly use faster codec solutions in its mobile softwares that are best in the market. Apple has already acquired another Swedish face recognition firm, Polar Rose and 3D mapping company, C3.
But it’s not hard to think of benefits of AlgoTrim’s technology for a company like Apple. Squeezing the file size of software updates could be a big plus for Apple, whose App Store must constantly issue numerous updates to countless apps. And any technology built into iOS that could render images on the screen faster would be a boon for any app that shows graphics — which is to say almost any app ever written.
Last year, AlgoTrim reported a revenue of 3.0 million USD, with an net income before taxes of EUR -1.1 million. Until now, AloTrim has been focused mostly on Android development.