InvenSense, a provider MEMS based sensor solutions, announced this week that it has signed definitive agreements to acquire Movea, a sensor fusion and context awareness software company, and Trusted Positioning (TPI), an indoor and outdoor location tracking software firm. InvenSense will pay approximately $81 million for acquisition of both firms. As of March 2014, InvenSense had approximately $117 million in cash and equivalents, so the transaction amount involved in these acquisitions will significantly reduce the company’s cash reserves. On the other hand, some industry analysts have recently speculated that InvenSense may have won designs for the next generation of Apple’s products such as the iPhone 6, iWatch, and some of the new iPad business. Interestingly, these two deals were announced just one week after Audience’s announcement that it is acquiring Sensor Platforms, another sensor fusion and context awareness software firm, for $41 million.