Tuesday, July 7, 2015

TV tech: SeventySix sells Omek to Intel; Mass.firm moves to Radnor

Livewire Mobile sells assets to OnMobile for $18M

TV tech: SeventySix sells Omek to Intel; Mass.firm moves to Radnor

Travel Deals

1) Wayne Kimmel's SeventySix Capital, of Center City, has sold its stake in gesture-recognition electronics developer Omek Interactive, an Israeli firm that is building the Beckon "full-body tracking" system for use in wireless Video interface, at a price Industry sources have pegged the price at around $40 million. More at:


2) Livewire Mobile Inc., based until now in Littleton, Mass., says it's moving its remaining operations to Radnor and is renaming itself Live Microsystems, after OnMobile Global Limited, of Cambridge in England, agreed to pay $17.8 milllion for Livewire's "end-to-end managed mobile entertainment solutions for network operators and consumer device manufacturers," including its British subsidiary,

Live Microsystems will continue to trade over the counter. Chairman Robert Pons, ceo Matthew Stecker and general counsel Matt Gerritsen will remain with the company, with Stecker taking on the added role of CFO. CFO Todd Donahue has joined OnMobile.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

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Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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