Swedish Startup Space

Apple acquires southern Swedish startup Algotrim

Written by on August 28, 2013

Three years after buying computer vision-company Polar Rose, Apple has acquired another start-up from southern Sweden. Today, it’s been announced that Apple has bought AlgoTrim, a company specialized in compression algorithms for mobile phones.

More news to come…

From Rapidus.se

In the latest year end-report, AlgoTrim reported a revenue of 3,0 million SEK, with an net income before taxes of -1,1 million SEK. The company had a handful of employees. As with Polar Rose, acquired by Apple in 2010 under similar secrecy, AlgoTrim grew out of the Malmö-based incubator Minc.

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