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Tessera to Acquire Siimpel
May 2010
SAN JOSE, Calif., May 10, 2010 — Tessera Technologies Inc. announced its entrance into a definitive agreement to acquire microelectromechanical systems (MEMS) based camera solutions manufacturer Siimpel Corp. of Arcadia, Calif.

The former company, who invests, licenses and delivers miniaturization technologies for next-generation electronic devices, will pay approximately $15 million in cash for the MEMS provider. The transaction is subject to standard closing conditions.

It does not anticipate a revenue contribution in the second quarter of 2010 from the acquisition. It does, however, expect to incur additional second quarter Non-GAAP operating expense of between $1.8 million and $1.9 million as a result of the purchase.

The acquisition will enable the company to expand its image enhancement portfolio by using the latter company’s MEMS-based auto focus solution to address camera modules with higher pixel resolutions.

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image enhancement
The digitization process by which an image is manipulated to increase the amount of information perceivable by the human eye.
1. In optics, the ability of a lens system to reproduce the points, lines and surfaces in an object as separate entities in the image. 2. The minimum adjustment increment effectively achievable by a positioning mechanism. 3. In image processing, the accuracy with which brightness, spatial parameters and frame rate are divided into discrete levels.
acquisitionAmericasauto focusBusinesscamera modulecamerasdefinitive agreementelectronic devicesimage enhancementimagingMEMSMEMS providermicroelectromechanical systemsminiaturization technologiesNon-GAAPpixel resolutionpixelspurchaseresolutionrevenue contributionSiimpel Corp.TesseraTessera Technologiestransaction

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