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Qualcomm invests $7M in Silicon Image subsidiary

Posted: 08 Dec 2014     Print Version  Bookmark and Share

Keywords:Silicon Image  IoT  'Internet of Everything  Qualcomm  AllJoyn 

Silicon Image, a provider of multimedia connectivity solutions and services, has revealed that Qualcomm Technologies Inc. has strategically invested $7 million in Silicon Image's new subsidiary, Qterics, for a seven per cent ownership interest.

Qterics will be focused on enabling various solutions and services for Internet-enabled consumer products such as TVs, mobile handsets, tablets, routers, home automation devices, white goods and more. Qterics includes the UpdateLogic services business combined with other related Silicon Image assets such as software and other intellectual property (IP). Current UpdateLogic GM, Kurt Thielen, will assume the role of president of Qterics.

"Qualcomm is committed to enabling technologies that support our 'Internet of Everything (IoE)' initiatives. Our strategic investment in Qterics further promotes IoE advancements including the development of solutions utilising the AllJoyn open source software framework of the AllSeen Alliance for a truly interoperable Internet of Everything," said Michael Wallace, SVP and GM, Qualcomm Internet Services.

In addition to the investment, Qualcomm and Silicon Image will explore opportunities to collaborate on promoting the AllJoyn open source software framework and developing novel IoE services.

"Qterics provides a unique offering for 'Internet of Everything' devices that has been largely overlooked by other players in the IoE space," said Camillo Martino, CEO of Silicon Image. "As the Internet of Everything grows, the task of providing device management services to these connected devices in a secure manner becomes exponentially more difficult. Qterics solves these challenges in a very elegant way by leveraging its highly scalable worldwide computing resources in the cloud."

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