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Snap setting up R&D office in Lehi, Utah

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Snap setting up R&D office in Lehi, Utah

Snap Inc. is setting up a new research and development office in Lehi, Utah, TechCrunch.com reported Oct. 10, citing a company confirmation.

The company has tapped Kirk Ouimet, one of the Scan.me co-founders, to build a team at the office. Snap bought Scan.me in 2014.

Snapchat purchased the QR scanning and iBeacon startup for $14 million in cash, $3 million in restricted stock units and $33 million in Class B common Snapchat stock.