Two more Oregon firms acquired


Technology startups sold to much larger entities.

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BY JACOB PALMER | DIGITAL NEWS EDITOR

A pair of Portland area technology startups have been sold to much larger entities.

JLL, a huge commercial real estate company, acquired Corrigo, which produces cloud software to aid facility management.

As a result of this deal, Corrigo will be a wholly-owned subsidiary of JLL and maintain separate sales and operations of its existing products. Corrigo has 70 employees and offices in Silicon Valley, Dallas and Atlanta. All the employees are expected to continue with the company after the deal closes.

The deal means JLL has acquired tools to help its clients automate and streamline building management.

(READ MORE: Portland Business Journal)

OntheGo Platforms, which created “gesture-recognition technology for smartphones”, was bought by Atheer, an augmented reality firm.

The companies didn’t report terms of the deal, but Atheer said it will retain all of OntheGo’s five Portland employees – the latest California company to establish anoutpost in the city.

Augmented reality is a hot technology, led by Microsoft’s forthcoming HoloLens headset. Technologists believe AR will have appeal to industrial designers, medical professionals and game enthusiasts.

OntheGo started in 2012 and reported $700,000 in outside investment last year, led by the FG Angel Syndicate and supported by other backers, including SK Ventures, Social Leverage, Rogue Venture Partners, GMO Cloud and the Portland Seed Fund.

(READ MORE: OregonLive.com)

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