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LSI Logic acquires Metta Tech

Posted: 24 Nov 2006     Print Version  Bookmark and Share

Keywords:LSI Logic  Metta Technology  multimedia SoC  multimedia SoCs  SoC 

Silicon solutions provider LSI Logic Corp. has announced that it has acquired multimedia SoC technology supplier Metta Technology Inc. of India for about Rs.31.86 crore ($7 million).

"Through the acquisition of Metta Technology, we are increasing our focus on delivering the advanced, feature-rich solutions required by next generation digital video and edutainment products," said Umesh Padval, executive VP of LSI Logic's consumer products group. "We are excited to add the significant experience of the Metta team to LSI and anticipate it will improve our competitiveness as we address these growing consumer opportunities."

According to the agreement, LSI has acquired all outstanding Metta Technology capital stock. Meanwhile, LSI has retained the Metta Technology workforce of about 60 employees, who joined the LSI Consumer Products Group upon closing of the transaction.




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