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Date: 15-01-14

Exar acquires software configurable processors expert Stretch Inc

Exar Corporation has acquired Stretch, Inc., a provider of software configurable processors supporting the video surveillance market. Exar said this acquisition will allow it to gain technology to deliver an end-to-end high-definition solution for both digital and analog transmission of data from the camera to the DVR or NVR in surveillance applications.

"Stretch brings several important attributes to Exar. First, the team is excellent and hails from world-class companies where best practices are developed. Second, the Stretch S6000 series and S7000 series products provide Exar a unique platform to integrate complex and high-value discrete components and improve time to market for customers," commented Exar President and CEO Louis DiNardo. "And perhaps most importantly, the Stretch software configurable processor can support our need for digital processing on both the transmitter and receiver side of uncompressed high-definition composite video transmission up to 1000 meters without the need for expensive repeaters. Coupled with our high-performance analog products we are now positioned to deliver best in class solutions for a wide variety of camera, transmission, and recording technologies in the high growth video surveillance market," concluded Mr. DiNardo.

Craig Lytle, President and CEO of Stretch, will report directly to Mr. DiNardo as Senior Vice President of System Products. Mr. Lytle commented, "Stretch has built a leading position in the video surveillance market and we are both excited and committed to furthering the Exar effort. We have industry-leading customers who have been committed to our products for years. The combination of Exar and Stretch technology with Exar's financial strength and sales reach will be a powerful combination."

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