Harman International Industries Inc. (NYSE: HAR) has purchased IOnRoad Technologies Ltd., an Israel-based company that develops vehicle safety systems.
IOnRoad creates advanced driver assistance systems, including the IOnRoad mobile application, which issues collision and lane-departure warnings. The technology uses computer vision algorithms and smart-phone cameras and sensors to detect other vehicles. Terms of the deal were not disclosed.
Harman, headquartered in Stamford, Conn., designs, manufactures and markets auto and information-entertainment services for the automotive, consumer and professional markets.
Companies have been snatching up mobile applications. Recent acquisitions include Coupons.com Inc.’s purchase of KitchMe, Yahoo Inc.’s (NYSE: YHOO) acquisition of Summly and Dropbox’s decision to buy email application Mailbox.
For more on IonRoad and other advanced driver assistance systems, see “Up-to-Date Tricks for Aging Wheels,” in The New York Times.