HTC improves cloud forecast with Dashwire buy

Taiwan's HTC announced it is acquiring privately held, Seattle-based hosted software firm Dashwire (a 2010 Fierce 15 winner). The deal strengthens HTC's cloud connections at a time when Apple's (NASDAQ:AAPL) iCloud offering appears ready to storm the market.

Financial details of the transaction were not disclosed, although The Wall Street Journal reported the deal is valued at around $18.5 million.

Dashwire has a Dashworks content synchronization service that works with Android, BlackBerry, Symbian and Windows Mobile devices. The deal comes not long after Dashwire settled a patent infringement suit from Synchronoss Technologies, agreeing to license that company's technology.

Apple's iCloud has been released in beta form to developers, and reportedly will be a key part of Apple's upcoming iOS 5 release.

HTC said it will leverage Dashwire's cloud sync and device setup solutions to extend its HTCSense.com cloud services portfolio, introduced last year. An HTC spokesperson added the acquisition also will support the rollout of mobile instant messaging services across Android devices.

For more:
- see this Wall Street Journal article (sub. req.)
- check out this Barron's Tech Trader Daily post

Related Articles:
Apple this week revealed further details about iCloud
HTC last month acquired smartphone graphics firm S3
HTC has been looking to double smartphone sales this year

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