Reuters: Technology News: HTC invests $35.4 million in U.S.-based enterprise platform firm

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HTC invests $35.4 million in U.S.-based enterprise platform firm Aug 20th 2012, 10:40 Tweet Share this Email Print Related News Big retailers team up on mobile payments plan Wed, Aug 15 2012 Apple's rivals swoop as iPhone China sales flag Wed, Jul 25 2012 BofA, Wells Fargo rolling out new mobile banking services Tue, Jul 24 2012 HTC sells back half of stake in audio firm Beats Sun, Jul 22 2012 Analysis & Opinion Mobile technology boosts water security for the poor A man poses with a replica of the HTC smartphone inside a mobile phone shop in Taipei April 6, 2012. Credit: Reuters/Shengfa Lin TAIPEI | Mon Aug 20, 2012 6:40am EDT TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp said it will buy a 17.1 percent stake in a U.S. next-generation enterprise platform company for $35.4 million in order to enhance service offerings 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," HTC said in a statement on Monday. The target company, Magnet Systems, headquartered in Silicon Valley, is a platform builder of a next-generation enterprise applications that accelerates the development and delivery of mobile enterprise applications, according to HTC. Shares of HTC shed 4.2 percent on Monday, versus a 0.48 percent decline in broader market. (Reporting by Clare Jim; Editing by Ed Lane) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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