Touch Feedback Developer Immersion Sells CyberGlove Unit

Authored by Mark Hefflinger on March 20, 2009 - 8:48am.

San Jose, Calif. - Immersion (NASD: IMMR), a developer of touch feedback technology used in video games, medical training simulators, driver controls and mobile phones, said on Friday that it has sold its CyberGlove business to Beverly Hills-based private equity firm Shackleton Advisors.

Financial terms of the deal were not disclosed.

San Jose, Calif.-based Immersion called the move part of a plan to divest its 3D product line and focus on its Medical and Touch lines of business.

The CyberGlove family of products is used to capture hand and finger motion and manipulate objects in virtual reality.

The product family includes VirtualHand software and four data glove models.

The resulting company, known as CyberGlove Systems, will be led by Faisal Yazadi, who has headed sales for the division for the past 10 years.

http://www.immersion.com

http://www.cyberglovesystems.com