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Chip Shot: Intel Confirms CognoVision Acquisition

Intel has acquired CognoVision Solutions Inc., a privately held software company based in Toronto, Canada. CognoVision processor-intensive video analytics software based computer vision algorithms for digital signs, many of which are increasingly being powered by Intel Core processors. The acquisition is part of Intel’s overall digital signage strategy, which also includes the recently announced Intel, Microsoft and NEC strategic relationship. Intel is not providing more detail at this time.