kooaba AG has been sold to Qualcomm Connected Experiences Inc. Verium, acting as shareholder representative, advised the investors in the transaction.
Zurich, 1. January 2014
kooaba, a pioneer in image recognition technology for mobile devices, was established in 2007 by Till Quack and Herbert Bay. Qualcomm Connected Experiences Inc. is a research and development company for mobile communications, headquartered in San Diego, California and a subsidiary of Qualcomm Inc.
Qualcomm is also known for its Vuforia software, a market leader in the field of computer vision-based image recognition. The management of kooaba is excited about the transaction and looks forward to working with the Vuforia team.
Verium actively supported the shareholders of kooaba AG in the M&A process.