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NVIDIA Buying Ageia Tech

Nvidia (Nasdaq: NVDA) has agreed to acquire Ageia Technologies Inc., a Mountain View, Calif.-based developer of gaming physics technology. No financial terms were disclosed. Ageia has raised around $55 million in VC funding since 2003, from firms like Apex Venture Partners, CID equity Partners, HIG Ventures, Granite Global Ventures, Scale Venture Partners and WK Associates.

PRESS RELEASE

NVIDIA (Nasdaq: NVDA), the world leader in visual computing technologies and the inventor of the GPU, today announced that it has signed a definitive agreement to acquire AGEIA Technologies, Inc., the industry leader in gaming physics technology. AGEIA's PhysX software is widely adopted with more than 140 PhysX-based games shipping or in development on Sony Playstation3, Microsoft XBOX 360, Nintendo Wii and Gaming PCs. AGEIA physics software is pervasive with over 10,000 registered and active users of the PhysX SDK.

“The AGEIA team is world class, and is passionate about the same thing we are