Intel Acquires Replay Technologies for $175 million
Several companies have made large investments into Virtual Reality. Now, it’s Intel’s turn. They just acquired Israeli startup Replay Technologies for $175 million.
Replay utilizes high-resolution cameras as well as high-performance computing to enable viewers to watch sporting events from all possible angles.
This deal should give Intel a big push in the right direction as they try to complete with Facebook, Google and other major companies.
Replay Technologies’ CEO, Oren Yogev, is going to be joining Intel as their corporate Vice President when the deal is finalized. Intel and Replay Technologies have been working together since 2013 and showed off Replay’s 3D technology at the NBA All-Star Weekend in Toronto recently.
Intel plans to utilize Replay’s 3D technology to help create services for immersive sports. Intel’s Senior VP wrote, “Immersive sports requires the high-performance computing Intel is known for, and it’s also data driven — fueling the continued build out of the cloud. For athletes, coaches, broadcasters and fans, the ability to capture, analyze and share data adds compelling new dimensions to the game.”
Wendell believes that this will enable sports to be broadcast from every angle live and will give athletes more data to help them improve their game.