Wireless chip major Qualcomm announced its deal to sell its Vuforia business, a developer of augmented reality, to PTC, a provider of technology platforms and solutions.

“By leveraging the company’s mobile technology leadership, Vuforia has become the AR technology platform of choice for developers of augmented reality applications,” said Derek Aberle, president of Qualcomm.

Vuforia mobile vision platform enables applications to see, connecting the physical world with digital experiences.
Vuforia team has made incredible progress establishing augmented reality as a medium for leading brands to reach millions of consumers around the globe.

A global ecosystem of developers in 130 countries supports Vuforia. It has powered more than 20,000 apps with more than 200 million app installs worldwide.

The combination of Vuforia and PTC leverages two transformational technology trends – Internet of Things (IoT) and augmented reality (AR) – to deliver products that merge the digital and physical worlds.

“PTC continues to pursue a strategy of providing an innovative technology platform that customers can use to capitalize on the emerging Internet of Things (IoT),” said PTC CEO Jim Heppelmann.

Vuforia has wide adoption from leading companies including 37 of the Interbrand 100. Vuforia supports multiple developer tools, including Eclipse, xCode, and Unity and runs on multiple operating systems and devices, including iOS and Android phones, tablets, and selected mobile eyewear.

Baburajan K
[email protected]