Chip company Sigma Designs said it will acquire startup Zensys Holdings Corp., the company behind the Z-Wave networking protocol. The deal is for an undisclosed amount of cash.
Zensys designed the Z-Wave chips. The company said they have been integrated into more than 250 products from more than 60 companies worldwide. Zensys said it is currently shipping more than one million RF transceiver chips per year into a widening range of consumer devices.
Z-Wave is a wireless RF means of connecting everything from home gateways and set-top-boxes to lighting systems, heating/AC systems, security systems, appliances, motorized window shades, remote controls and more.
These networked devices can then be accessed through a gateway or STB to enable Internet-based monitoring and control of the entire range of devices in the home.
“The Zensys acquisition provides a very attractive business and technology addition for Sigma at multiple levels,” said Thinh Tran, chairman and CEO of Sigma Designs. “First, the Zensys family of consumer chips will add a new layer of revenue growth for Sigma. Second, we believe this class of extremely efficient and low-cost RF technology will become pervasive in many more types of future home products. Finally, we see a strong synergy with our set-top box offerings as the world moves toward IP-based video delivery and providers are able to establish platform extensions for additional services.”
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