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Report: CMOSIS mulls IPO

Posted: 22 Jan 2015 ?? ?Print Version ?Bookmark and Share

Keywords:CMOSIS? CMOS? image sensor? IPO?

CMOSIS, a provider of advanced CMOS image sensors for machine vision, digital cinema, aerospace, scientific and medical applications, is considering an initial public offering (IPO) of shares, according to a local newspaper in Belgium.

CMOSIS was founded in November 2007 as a fabless CMOS image sensor vendor and has developed IP related to high-end CMOS image sensors such as global shutter pixels, fast and low-noise ADCs, backside illumination and increased dynamic range. The company has grown continuously and now employs about 70 workers.

In December 2013, it was announced that Massachusetts-based private equity firm TA Associates Management LP would acquire the company. The terms of the deal were not disclosed, but according to the De Tijd article, TA Associates holds 80 per cent of the company while the six founders and other staff at CMOSIS retained 20 per cent.

According to the article, CMOSIS is expecting 2014 sales of about $58 million and an operating margin of 30 per cent.

At the beginning of 2014, On Semi sued CMOSIS in Texas alleging infringement of four image sensor patents that On Semi gained title to when it acquired Cypress Semiconductor Corp. (Belgium) BVBA in February 2011.

In August 2014, CMOSIS acquired all outstanding shares of the Swiss Awaiba Group, a developer of line-scan CMOS imagers for industrial web inspection, sub-mm CMOS camera modules for endoscopy, and on-board automotive cameras.

"The acquisition became possible after TA Associates stepped in as a strong financial partner of CMOSIS earlier this year. This enabled horizontal expansion and growth acceleration," said Luc De Mey, chair and CEO of CMOSIS, at the time.

- Peter Clarke
??EE Times Europe





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