Tessera Acquires Dblur Assets
SAN JOSE, Calif., May 7, 2009 – Subsidiaries of Tessera Technologies Inc. will acquire certain assets of Israel-based Dblur Technologies Ltd., a developer of software lens technology for cell phone cameras and other imaging applications. Financial details were not disclosed.
Under the terms of the agreement, Tessera will purchase some of Dblur’s assets including intellectual property and specified customer agreements. In addition, Tessera will hire some of Dblur’s former employees.
The transaction is subject to various standard closing conditions, and is expected to close within the second quarter of 2009.
“The assets we are acquiring from Dblur will help Tessera to further enable camera module developers in markets such as China to address the challenges associated with mass production of high-performance, low-cost camera modules for next-generation cell phones,” said Henry R. Nothhaft, Tessera president and CEO.
For more information, visit: www.tessera.com