Tim Reilly-1Ever wonder what it’s like to be part of a major acquisition? At Venture Connectors’ June 1 luncheon, Tim Reilly, founder and former president of Stonestreet One, shared his experiences when his technology firm was acquired by Qualcomm Inc. in September 2014.

The deal represented a strong national endorsement for the Louisville tech sector and a boon for the local investors involved with Stonestreet One.

As part of the acquisition, the Louisville office remained open and its engineers were offered positions at Qualcomm. Reilly now serves as senior director of business development in wearable products for Qualcomm, a global wireless technologies company based in California. Part of his new role involved leading the integration of Stonestreet One’s operations into the tech giant.

Reilly is a Louisville native, the eighth of 10 children, and a 1981 graduate of St. Xavier High School. He earned both bachelor’s and master’s degrees in electrical engineering from the University of Louisville Speed School of Engineering. Reilly began his career as a software engineer for several groups within Motorola’s Land Mobile Product Group in Fort Lauderdale, Fla., and Schaumburg, Ill. He later went to work for Sun Electronic Systems in Fort Lauderdale and Innovative Electronic Designs (IED) in Louisville.

Reilly started his contract programming business, Reilly Systems, in 1996. Rebranded as Stonestreet One LLC in 1999, the company provided protocol stack and application software for Bluetooth wireless technology. Stonestreet One’s core product was Bluetopia, which uses Bluetooth technology to connect devices such as headsets, automotive communications systems, phones, computers and other consumer products.