On Friday Intel Corporation (NASDAQ:INTC) has announced that it is purchasing Kno, an education-oriented tablet, despite the acquisition of the company the chip giant will also carry the company with all its 95 staff members. Following the end of PC era the company is now looking forward to entered into class room and step in bolstering the its new business designs for education-related tablets and laptops, but the chip maker does not disclosed the financial terms of the deal.
The company which was founded in 2009, led by CEO Osman Rashid, has unveiled its first device in the market in 2010 at All Things D conference, with price tag of $599 that featured a bigger display in contrast to iPad. The device also came with another option that has a dual-screen design that would be held perpendicularly, similar to an open book.
Marc Andreessen, a venture capitalist and Kno biggest investor declared that Kno’s CEO was one of the first to anticipate the awaiting tablet revolution and its significance on education. He launches its device nine months earlier than iPad was launched.
The company that was acquire the chipmaker is also based in its home base of Santa Clara, Calif., so the option to shift its device from iPad version of software towards educational software, as the market is already saturated iPad version of software’s devices so company move proof suitable against rivals. In this regard the company is working in transforming textbook into interactive digital format with help of different publishers.
Intel vice president, John Galvin, who is also a GM of an education-focused program of the company, has said Kno has approximately 225,000 titles in it. The device also carries “ingesting” PDF files to a design that integrates links to resources like videos and animations. The device software also facilitate teacher with the help of which teachers can distribute content among students as well as get access to student progress. Intel Corporation (NASDAQ:INTC) share up 0.13% to $24.09 in last trading session.