Microsoft unveiled its new office in Silicon Valley, located at the Moffett Towers in Sunnyvale, Calif.
This addition of 237,121 square feet to the Microsoft Silicon Valley real estate portfolio fosters a collaborative environment that promotes innovation and productivity.
Microsoft has had a presence in Silicon Valley since 1981 and currently has more than 2,500 employees in the San Francisco Bay Area. In addition to Moffett Towers, "construction is underway at the Microsoft Silicon Valley campus in Mountain View, Calif., to enrich the experience for both employees and visitors," Microsoft posted.
Also, Microsoft and Perceptive Pixel Inc. today entered into a definitive agreement under which "Microsoft will acquire PPI, a recognized leader in research, development and production of large-scale, multi-touch display solutions," Microsoft announced.
"The acquisition of PPI allows us to draw on our complementary strengths, and we're excited to accelerate this market evolution," said Kurt DelBene, president, Office Division for Microsoft. "PPI's large touch displays, when combined with hardware from our OEMs, will become powerful Windows 8-based PCs and open new possibilities for productivity and collaboration."
Terms of the deal were not disclosed. The acquisition is subject to customary closing conditions, including regulatory approval.
Today, Microsoft and Aluratek Inc. signed a patent agreement that provides broad coverage under Microsoft's patent portfolio for Aluratek's eReaders and tablets running the Android or Chrome Platform.
Also, Coby Electronics Corporation have signed a patent agreement that provides broad coverage under Microsoft's patent portfolio for Coby's products running the Android or Chrome Platform.
"We are pleased to have reached this agreement with Coby", said Horacio Gutierrez, corporate vice president and deputy general counsel, Intellectual Property Group at Microsoft. "This agreement confirms once again that the best way to resolve IP issues such as those surrounding Android and Chrome is through a reasonable licensing arrangement."
Although the contents of the agreement have not been disclosed, the parties indicate that Microsoft will receive royalties from Aluratek and Coby under the agreement.
Finally, the winners of the 10th annual Imagine Cup, announced -- the winning Software Design project developed by Ukrainian Team quadSquad allows deaf individuals to communicate verbally using custom-designed sensory gloves and a smartphone application to translate sign language gestures into speech.
Cash prizes totaling approximately US$175,000 were awarded across eight competition categories.