CEVA, the world's leading DSP-based IP platform license provider for vision, audio, communications and connectivity, announced that it has acquired RivieraWaves, a wireless connectivity private IP for leading Wi-Fi® and Bluetooth® technologies. supplier. RivieraWaves expands CEVA's licensing and royalty revenue base in existing markets: including smartphones, tablets and small cell towers, and extends the company's market to include wearables, smart homes, connected cars and the Internet of Things ( IoT) and other emerging market sectors. Market research firm ABI Research (Note 1) pointed out that overall, CEVA's target market is expected to reach more than 35 billion connected devices by 2020, this merger has increased the overall IP product portfolio of CEVA with synergy, making CEVA Become a "one-stop shop" provider for a wide range of applications, including vision, audio, communications and today's connectivity applications.
RivieraWaves is a leading advanced IP provider specializing in wireless connectivity platforms. Its IP products are integrated into high-volume system-on-chip (SoC). The latest Wi-Fi 802.11ac and Bluetooth Smart 4.1 IP are complete solutions, including The PHY and MAC layers, as well as system and RF support, have been deployed for major semiconductor enterprise deployments. RivieraWaves' Wi-Fi and Bluetooth IP are delivered in a highly efficient hardware-based and DSP-based design that delivers differentiated flexibility and a unified platform for LTE and Wi-Fi.
In the past two years, CEVA and RivieraWaves have been successfully cooperating to meet the needs of the Wi-Fi market. The two companies already have multiple co-clients deploying RivieraWaves' Wi-Fi IP on CEVA DSP, targeting mobile devices and connected homes.
CEVA CEO Gideon Wertheizer commented: "RivieraWaves is a very suitable acquisition for CEVA, allowing us to further expand into connectivity IP using leading production-proven technologies, including state-of-the-art Wi-Fi and Bluetooth standards. I have witnessed the powerful capabilities, innovative technologies and customer appeal that the RivieraWaves team has been striving to achieve, and we warmly welcome them to join the CEVA family."
Ange Aznar, CEO of RivieraWaves, commented: “We are very proud and happy to join CEVA. Over the past two years we have successfully cooperated with CEVA on several common customers. Our market leading connectivity IP for its existing products. The combination is highly complementary, and we have the conditions to expand and enhance the CEVA customer base and market reach, and we look forward to a new chapter in CEVA's success."
Under the terms of the agreement, CEVA agreed to pay approximately $19 million for the acquisition of RivieraWaves, including certain performance and other milestone requirements, and a two-year retention plan for existing RivieraWaves employees.
About CEVA
CEVA is a leading provider of DSP-based IP platform solutions for vision, audio, communications and connectivity. CEVA's IP portfolio includes computer vision and computational photography, advanced audio and voice processing, wireless baseband (2G, 3G and 4G LTE/LTE-A), connectivity (Wi-Fi and Bluetooth) and serial storage (SATA and Comprehensive technology in areas such as SAS). In 2013, CEVA's authorized customers produced more than 1 billion chips based on CEVA technology, including top mobile phone OEMs such as Coolpad, HTC, Huawei, Lenovo, LG, Nokia, Samsung, TCL, Xiaomi and ZTE (ZTE). More than 40% of mobile phone products shipped worldwide.
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