Civolution, the Philips technology spin-off, has purchased the Thomson STS watermarking business.
Thomson will become a shareholder in Civolution while its watermarking technology will be combined with that already offered by the Eindhoven-based company.
“As an independent company following the acquisition of Teletrax and Civolution’s successful spin-out from Philips Royal Electronics last year, this latest acquisition is a natural next step in the execution of our strategy,” said Civolution CEO Alex Terpstra. “The combination of the Thomson STS team, with its rich heritage as an innovative developer of technologies, and the ground-breaking expertise of the Civolution team, creates a uniquely talented group.”
Since its spin-off from Philips, Civolution’s lead investor has been Prime Technology Ventures.