This past week, SIM IP announced that it had entered into a “definitive agreement” to acquire Ultraleap’s haptics and extended reality (XR) IP portfolio, as part of a “new licensing partnership”. Ultraleap resulted from the 2019 merger of Ultrahaptics and Leap Motion, then characterized as “the world leaders in mid-air haptics, contactless interfaces and hand tracking technologies”. SIM IP was cofounded by its CEO Erich Spangenberg and CFO David Kutcher. Various signs point to more acquisitions by SIM IP, both last year and planned for the immediate future.