Ittiam Systems has inducted Lip-Bu Tan, Chairman of Walden International into its Company Board. The India based semiconductor IP vendor Ittiam is well known in the industry for its media proceessing CODEC IPs and such DSP IPs.
Welcoming Lip-Bu to the Board of Ittiam, VG Siddhartha, Head of Global Technology Ventures (GTV) which invested in Ittiam in 2001, said "I have had the pleasure of working with Lip-Bu for over 12 years including in our joint successful investment in MindTree Technologies. His extensive industry experience and global network will be very valuable for Ittiam in the next phase of its growth".
Looking forward to his association with Ittiam, Lip-Bu Tan commented "I am excited to join Ittiam initiative and will work with them closely to make Ittiam the best digital media technology and solutions provider for the global market. Ittiam is a fine example of new generation product companies who represent the next phase of Information Technology industry in India".
"Our vision is to deliver compelling solutions to customers who spearhead the growth of media creation, management and consumption", said Srini Rajam, Chairman and CEO of Ittiam Systems. "We are delighted to have Lip-Bu join our board. We will leverage his precious bandwidth to build great partnerships and long-term customer relationships", he added.