Tessera Completes Acquisition of DTS

December 2 2016, 03:00
Following the original announcement in September 2016, Tessera Holding Corporation announced it has completed the acquisition of DTS. Tessera Technologies and DTS are now combined under Tessera Holding Corporation and the shares of the combined company will continue to trade on the NASDAQ under Tessera’s ticker symbol TSRA. The Company plans to introduce a new corporate name, stock ticker, brand and logo during the first quarter of 2017.
 

According to the announcement from Tessera, “the company’s combined portfolio of products and technologies uniquely positions it to deliver smart sight and sound solutions and next-generation 3D semiconductor interconnect solutions for mobile devices, consumer electronics, and automotive markets – while also addressing the growing potential of emerging technologies such as IoT and AR/VR. The company’s team of world-class engineers will focus on the vision of creating core technologies that power intelligent, immersive and personalized digital experiences.”

“The combination of DTS and Tessera ushers in a new era for the company,” says Tom Lacey, CEO of Tessera Holding Corporation. “By uniting DTS’ industry-leading portfolio of premium audio technology solutions with Tessera’s best-in-class portfolio of imaging and semiconductor packaging and interconnect technologies, we will be able to execute on our vision of an integrated platform of smart enabled technologies.”

“DTS has always been a leading innovator in the audio space,” says Jon Kirchner, president of Tessera Holding Corporation. “We are proud to unite with Tessera to innovate a new generation of smart sight and sound solutions that will power the next wave of content delivery and electronic devices. These solutions will help deliver ever more immersive experiences and help transform how we interact with the rapidly growing number of connected devices at home, in the car and on the go.”

Tessera Holding Corporation is the parent company of Tessera, DTS, FotoNation and Invensas, one of the world’s leading product and technology licensing companies with intellectual property deployed in areas such as premium audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, 3D semiconductor interconnect and packaging.
www.tesseraholdingcorporation.com
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