International law firm DAC Beachcroft is pleased to have advised Bristol-based mid-air haptic company Ultrahaptics on its acquisition of the San Francisco-based virtual-reality startup Leap Motion. The deal will see the creation of the world’s leading spatial interaction company.
Founded in 2013, Ultrahaptics has developed patented “virtual touch” technology that uses ultrasound to project shapes and textures directly onto a user’s hands. The company currently works with blue-chip clients across markets including automotive, digital signage and location-based entertainment.
Leap Motion is the world leader in hand-tracking technology and develops and licenses sensors for gesture-tracking technology used in virtual-reality and augmented-reality experiences.
Steve Cliffe, CEO of Ultrahaptics, said, “We are building a company to support the changes between human and machine interaction that will define the 21st century. With this deal, we will be better placed to leverage our customer contacts and expand the vertical stack of immersive technologies, just as the applications which benefit from our collective strengths are moving into the mainstream. We are grateful to the team at DAC Beachcroft for their guidance and advice on making this deal happen.”
If you are interested in realising the value of disruptive technology, two of Ultrahaptics’ Directors (Sir Hossein Yassaie and Dr Mark Reilly) will be joined by Caroline Hargrove, CTO of Babylon Healthcare and Josue Ortiz from Clearview IP at DAC Beachcroft’s Disruptive Technology seminar in London on 20 June 2019. For more information and registration click here http://bit.ly/2KuqtVl.