Sony acquires local firm iCyt
CHAMPAIGN — Sony Corp. has acquired Champaign-based iCyt Mission Technology and will operate it as a wholly owned subsidiary, the global electronics and entertainment giant announced Tuesday.
Gary Durack, the founder and president of iCyt, called the acquisition a “win” for his company and its customers.
The local company, which makes cell sorters used for stem cell and disease research, employs about 30 in the University of Illinois Research Park.
Sony said Durack “will continue to lead the company through this period of growth and expansion.”
Sony has been exploring health care applications for its consumer-based optic technologies, such as those used for Blu-ray discs. The company said recent progress in regenerative medicine highlights the importance of cell analysis and flow cytometry as a tool for research.