Ageia Technologies Denies Its Takeover by Third-Party

Ageia Technologies, the developer of so-called physics processing units (PPUs), on Tuesday denied reports about its acquisition by an undisclosed third party. The company said it remains independent and has a roadmap to execute. The developer of physics processing units, dubbed PhysX, has been around for several years, however, due to the lack of many games that take advantage of PPUs the long-term success of Ageia has always been under question mark.

Currently Ageia is owned by a group of investors, including Apex Venture Partners, BA Venture Partners, HIG Ventures, Granite Global Ventures, CID Equity Partners, and VentureTech Alliance. Typically such companies are interested in either selling their startups to others, or making them public. However, this time Ageia denies any ownership change.

View: The full story @ Xbit-Labs

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