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DSP Group acquires Teleman Multimedia assets

Posted: 28 May 2003 ?? ?Print Version ?Bookmark and Share

Keywords:dsp group? teleman multimedia? multimedia? video?

DSP Group Inc., a developer and provider of solutions for the residential wireless market, has acquired substantially all of the assets of Teleman Multimedia Inc. for $5 million in cash. The acquisition includes all the intellectual property (IP) of Teleman, including patents and other R&D in process.

Teleman has developed a silicon platform for video compression and decompression designed to interface with image sensors and panel displays. The Teleman silicon platform supports compression standards such as MPEG4, JPEG, and H263, which are used in video conferencing applications. Work is already in progress to support the new compression standard H264, which enables improved video quality at low bit rates.

"DSP Group plans to build a new team of 40 designers around the group from Teleman. This team will integrate the Teleman and DSP Group technologies to create new products to meet the developing market demand for video features," said Eli Ayalon, Chairman and CEO of DSP Group. "The first product integrating the Teleman technology is already underway and shipments of this product are expected to begin in the third quarter of 2004. We expect the sales of the company in the fourth quarter of 2004 enriched with the new video products, to show a 30 percent increase compared to our forecast for the fourth quarter of 2003."

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