Date: 6th Aug 2010
CSR acquires audio codec specialist APT
CSR has acquired UK based APT Licensing. CSR now have audio
compression CODECs along with its semiconductor devices
which handles audio streaming in mobile and wireless consumer
applications. APT's audio compression solutions are optimized
for instant real-time audio streaming but at high audio
quality, making APT a good choice in high end audio. APT
joins CSR with existing IP licensing agreements in place
with Altec Lansing, Creative, Jaybird, and Sennheiser.
CSR's CEO Joep van Beurden commented, "In acquiring
APT, CSR is buying one of the industry's strongest audio
IP portfolios and a 20 year heritage in audio expertise.
The closer integration of APT's IP with our own technologies
will expand the market for its technology to more mainstream
consumers and enable us to realise benefits that neither
party could achieve independently. CSR is a leader in wireless
audio, and the addition of APT will enable us to develop
an exciting new generation of excellent quality, highly
differentiated products that will further enhance the consumer
experience. This will also serve to extend CSR's capability
in wireless audio platforms and help us to broaden our offering
into new audio markets and revenue streams."
"We're very proud of what APT has achieved over the
last 20 years and are delighted to be joining CSR in what
is a very positive step towards the increased proliferation
of the high quality CODECS, into broader mobile and wireless
consumer applications," said Noel McKenna, CEO of APT.
"Both CSR and APT's engineering teams share the same
passion for audio and have proven their ability to collaborate
successfully over the last three years. Through even closer
integration of our CODECs with CSR's wireless technology
I see a very exciting future ahead."
CSR said it is retaining the apt-x product brand.
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