The webOS software found a new home.
The famous webOS software of Hewlett-Packard is already sold to LG Electronics, a South Korean electronics company.
On Monday, the deal was announced by HP, which has gotten the company off of the centerpiece of its unfortunate purchase of $1.8 billion for Palm Inc. three years ago.
In 2011, HP used webOS as the facilitator into the tablet computer and smartphone market as well. However, the company immediately got rid of the mobile devices that runs on the software along with the failing revenues. As a result, HP decided to stop the development of the webOS for its own products and to give away the principal technology as open-source software for programmers everywhere in order to change for their personal necessities and prerequisites.
On the other hand, LG Electronics has larger plans for the software. Primarily, the webOS will be combined with a new line of Internet-connected televisions from the company. If this event becomes successful, then LG will consider selling household appliances and other gadgets running on webOS. The main concept of LG is to create a so-called “smart” home.
Moreover, along with the commitment of LG to webOS, the team of engineers who had been working on the software for HP will also be acquired by the company. However, it is not known if LG will also take over of the team’s offices or will move them to other locations.
Hewlett-Packard’s stocks recently dropped thirteen cents to close at $19.07.