AlgoTrim has been around since 2005, and its flagship product, the Code Compression Library (designed to reduce the size of mobile device firmware) has been in use on mobile devices since 2006.

Interesting that Apple is pursuing smaller, more focused companies. In this case, AlgoTrim will help improve performance of algorithms for lossless compression, which will bring obvious benefits to the camera and other image processing applications, but will also bring more subtle benefits, such as improved battery life.

Also interesting is this little nugget from the original Swedish report:

In February of 2013, all of AlgoTrims shares were acquired by the anonymous Delaware-based holding company Wedgwood Industries LCC. But according to solid information revealed to Rapidus, Apple is the real buyer behind the deal.