The acquisition further strengthens Synaptics' industry-leading wireless connectivity portfolio
Synaptics and DSP Group, a leading global provider of voice and wireless chipset solutions for converged communications, announced the signing of a definitive agreement, unanimously approved by the boards of directors of both companies.
DSP Group has leadership positions across multiple markets in the Internet of Audio Things (IoAT) with significant growth opportunities in low power SmartVoice, unified communications & collaboration, and wireless IoT devices. Most of these solutions are quite relevant to Synaptics’ existing customer base, furthering the strategy of cross-selling portfolio devices.
The addition of DSP Group’s best-in-class SmartVoice products to Synaptics’ Katana smart vision platform creates a complete portfolio that can both serve existing customer needs and fit in the significant future market. On top of that, the combination further strengthens Synaptics’ industry-leading wireless connectivity portfolio by adding DECT Ultra Low Energy, which enables a fully-featured intelligent home security solution.
Michael Hurlston, President and CEO of Synaptics, said: “We continue to invest in technologies that tilt our product mix toward IoT applications. DSP Group’s expertise in SmartVoice and ULE wireless solutions, coupled with Synaptics’ leadership position in far-field speech recognition and IoT directed Wi-Fi/BT combos enables us to deliver increasingly differentiated solutions to our combined customer base, while positioning us to lead the transition to AI enabled devices at the edge of the network.”
Ofer Elyakim, CEO of DSP Group, said:
“We are excited to join forces with Synaptics, a recognized leader in products for IoT. This combination provides a great result for our shareholders who have supported us through this journey, delivering meaningful and certain value.”
“Our complementary portfolios together with the combination of our world-class engineering teams creates an exciting opportunity for DSP Group’s core technology to extend further into our existing customers’ product portfolio.”
Ken Traub, Chairman of the Board of Directors, DSP Group, commented: “The DSP Group board of directors unanimously supports this transaction as it represents an excellent outcome for our shareholders,
“We would like to thank DSP Group’s management and employees for their dedication to executing our strategy and congratulate them on this exciting achievement.”