Wednesday, October 15, 2008
Analog chip maker Maxim Integrated Products Inc. has entered into a definitive agreement to acquire Mobilygen Inc., a developer of H.264 video compression chips.
The move expands Maxim's portfolio. Maxim's acquisition of Mobilygen brings H.264 video compression technology to the fold.
The security industry has adopted H.264 as the next-generation video compression standard for streaming, recording, and archived file storage.
''Video security is an important growth market for Maxim. The overwhelming majority of security cameras installed today are analog, whereas recording, storage, analytics, and IP streaming are digital,'' said Vijay Ullal, Maxim's group president, in a statement. ''Video compression is therefore a strategic technology for Maxim in the analog-to-digital video signal path."
The transaction is expected to close in the fourth calendar quarter of 2008.
By: DocMemory
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