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Optoelectronics/Displays  

Nvidia to acquire Hybrid Graphics

Posted: 24 Mar 2006     Print Version  Bookmark and Share

Keywords:Nvidia  Hybrid Graphics  acquisition  graphics software 

Nvidia Corp. has signed a definitive agreement to acquire Hybrid Graphics Ltd, a Finland-based developer of embedded 2D and 3D graphics software for handheld devices. Terms of the acquisition were not disclosed.

Under the agreement, Hybrid Graphics will become a subsidiary of Nvidia and continue to market and sell its products under the Hybrid name. Hybrid Graphics will maintain full support for its existing customer base, while growing its engineering department and driving business opportunities.

"Joining with NVIDIA will enable Hybrid to both accelerate its growth and continue to play a key role in defining, developing and shipping pervasive graphics solutions for the handheld industry," said Mikael Honkavaara, chief executive of Hybrid Graphics, in a statement.

Founded in 1994, Hybrid Graphics counts as its key customers Nokia, Ericsson, Philips, Samsung and Symbian, encompassing over 50 per cent of the existing handheld market.

EE Times




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