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Qualcomm unit buys EmpoweredU

Qualcomm Inc. (Nasdaq: QCOM) subsidiary Qualcomm Technologies Inc. has completed its acquisition of EmpoweredU, a developer of an intuitive, mobile-centric cloud-based learning platform.

The integration of EmpoweredU with other education initiatives within Qualcomm will allow Qualcomm Technologies to accelerate mobile innovation and 24/7 learning into education.

Campbell, Calif.-based EmpoweredU was founded so students can access and learn anywhere with wireless connectivity, anytime, across multiple operating systems via a consistent user interface across web and mobile devices.

"From the company's long involvement in the education space, including nearly 40 education projects funded by the Qualcomm Wireless Reach initiative since 2007, we've learned that providing students with 24/7 access to their peers, teachers and learning materials can dramatically improve learning outcomes," said Steve Sprigg, Qualcomm Technologies senior vice president. "However, the digital divide continues to widen as there has not yet been a viable solution to address the gaps for those students without 24/7 access. Qualcomm has a long-standing focus and passion on the role of technology in education, and we are committed to driving the ecosystem forward with mobile-centric solutions like the EmpoweredU learning environment."

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Qualcomm Inc.

Company Website

5775 Morehouse Dr.
San Diego, CA 92121

Company Trade Data

Stock Symbol Close
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Chg %Chg
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52-Week
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QCOM
59.91
  0.65  
+ 1.10%
8,924,775,000
78.53
52.17

Insider Trade Data

Date Insider Shares Type Value
10/05/2015 Renduchintala, Venkata S 2,700 Sell $150,066
10/05/2015 Renduchintala, Venkata S 2,700 Sell $150,066
10/01/2015 Amon, Cristiano Renno 2,737 Sell $146,621
10/01/2015 Amon, Cristiano Renno 2,737 Sell $146,621
09/11/2015 Vinciquerra, Anthony J 1,000 Purchase $54,700

Qualcomm Inc. Executive(s):

Irwin Mark Jacobs

  • Founding Chairman, CEO Emeritus

Paul Jacobs

  • Executive Chairman

Tamar Elkeles

  • Vice President

Don Jones

  • Vice President

Don Rosenberg

  • General Counsel

Mark Leslie

  • Vice President, External Affairs

Steven Altman

  • Vice Chairman

Steve Mollenkopf

  • Chief Executive Officer

Derek Aberle

  • President

Navrina Singh

  • Director of Product Management

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2012