Silicon Image has announced that it has completed the acquisition of UpdateLogic, a Device Management Services (DMS) provider for Internet-connected consumer products such as Smart TVs, Blu-ray Disc players and set-top boxes that feature Over-the-top (OTT) streaming media content and services.
With this acquisition Silicon Image offers Ics, IP and also software and services. UpdateLogic's secure Internet Protocol-based connectivity and device management services include Digital Rights Management key provisioning, software management and remote support solutions for Internet-connected devices.
"This acquisition is well aligned with our vision of seamlessly connecting consumers to their devices," said Camillo Martino, chief executive officer of Silicon Image, Inc. "The addition of UpdateLogic to our portfolio will expand our business model to include recurring revenue streams from software services."
"UpdateLogic's device management solutions are a great fit for Silicon Image's customers who represent the world's leading consumer electronics and mobile device manufacturers," said Kurt Thielen, chief executive officer of UpdateLogic, Inc. "The ability to effectively control, maintain and support their products in the field is a key component in a manufacturer's ability to provide excellent customer service."
UpdateLogic's NetReady enables Internet-connected devices to be provisioned, updated, supported, managed and controlled remotely.
"Sharp would like to congratulate Silicon Image on the acquisition of UpdateLogic. Silicon Image's leadership in the creation of global standards gives us confidence that this acquisition will strengthen and improve its device management service," said Fujikazu Nakayama, senior executive managing officer, chief officer of the products business group at Sharp Corporation. "We look forward to the future advancement of Silicon Image using the newly acquired device management platform."
Even after acquisition UpdateLogic to function as a wholly-owned subsidiary of Silicon Image and will continue to operate under its existing name.