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Tech startup born in Department of Geomatics sold for $36 million – UCalgary News

The sale of a spinoff company from the Department of Geomatics Engineering at the University of Calgary to a U.S. technology leader is a major win for the venture’s founders, for the university and for the future of high-tech in southern Alberta.

Trusted Positioning Inc. (TPI) has been acquired by the New York Stock Exchange-listed InvenSense, a top-tier sensor technology company, for US$36 million.

Read the full story here.