International Internet Company NAVER to Acquire Xerox Research Centre Europe | Xerox Newsroom

NAVER Corporation (035420: Korea SE) and Xerox Corporation (NYSE: XRX) today announced an agreement for NAVER to acquire the Xerox Research Centre Europe in Grenoble, France.

The two companies announced an agreement for NAVER to acquire the Xerox Research Centre Europe in Grenoble, France. The French Works Council’s consultation on this project has now been completed and the agreement is expected to close in the third quarter, subject to fulfillment of certain customary conditions.

Based in Seongnam, South Korea, NAVER is Korea’s leading Internet company, operating the nation’s top search portal “NAVER,” and other innovative services in the global market such as the mobile messenger LINE, video messenger SNOW and community app BAND.

Founded in 1993, the Xerox Research Centre Europe is located just outside Grenoble, often dubbed the Silicon Valley of Europe. The centre has focused its research in artificial intelligence (AI), machine learning, computer vision, natural language processing and ethnography.

Source: International Internet Company NAVER to Acquire Xerox Research Centre Europe | Xerox Newsroom

Explore posts in the same categories: New York Photonics

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: