Locke Lord Represents PTC in $65 Million Acquisition of Vuforia Augmented Reality Technology Platform From Qualcomm

Locke Lord represented PTC Inc. in its acquisition of the Vuforia augmented reality technology platform from Qualcomm for $65 million. The transaction included the purchase of assets and licensing of certain intellectual property rights by PTC, a publicly traded company based in Massachusetts. According to PTC’s news release, the deal “will enrich PTC’s technology portfolio and accelerate PTC’s strategy as a leading provider of technologies and solutions that blend the digital and physical worlds.” The Locke Lord team was comprised of Peter Barrett, Andrew Hughes, Michael Bennett, Chris Capelli, Chris Flanagan, Lori Basilico, Geoffrey Polma and Walter Rodriguez.
Posted February 1, 2016