Widescreen Review Webzine | News | Sigma Designs Completes Acquisition Of Gennum's VXP(R) Image Processing Business

February 11, 2008

Sigma Designs Completes Acquisition Of Gennum's VXP(R) Image Processing Business

Strategic Acquisition Will Enable Sigma To Bring Studio Quality Video To Consumer Televisions

[The following is a release from Sigma Designs]


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Sigma Designs announced today that it has completed the previously announced acquisition of the VXP® Image Processing business from Gennum Corporation. The addition of the VXP group's industry leading video processing product-line further extends Sigma's world leadership in digital media processor SoCs for consumer electronics.

Sigma will acquire assets of the VXP group including, but not limited to, products and intellectual property. Approximately 46 employees will be joining Sigma Designs as part of the purchase. Sigma has made a cash payment of approximately $18 million for the acquisition and assumed specified liabilities.

Sigma Designs and Gennum reached a definitive agreement for the sale on January 2, 2008.

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