SANTA CLARA, Calif., March 13 /PRNewswire-FirstCall/ -- Trident Microsystems, Inc. , a leader in high-performance semiconductor system solutions for the multimedia and digital television markets, today announced the acquisition of Beijing Tiside Electronics Design Co., Ltd., in a move to enhance Trident's software and connected TV strategies. Tiside provides cross-platform software that allows multimedia applications to run on devices in the digital living room such as set top boxes or digital TV sets. For Trident, the acquisition strengthens its capability to provide a connected TV offering by adding a tested software suite that includes drivers, middleware, libraries and applications for use with its chip products. Trident and many of its customers are engaged in projects designed to capitalize on the emergence of connected TV.
"Capabilities such as those acquired from Tiside are expected to provide substantial differentiation to Trident-enabled TV, as devices in the digital living room and the Internet continue to converge," said Sylvia Summers, CEO and President of Trident. "We offer our customers a time-to-market advantage because our tested software suite can shorten the product introduction cycle, reduce R&D cost and increase product quality," Ms. Summers stated.
Trident acquired Tiside, a 36-person privately-held company located in Beijing, for approximately $1.9 million in cash.
About Trident Microsystems, Inc.
Trident Microsystems, Inc., with headquarters in Santa Clara, California, designs, develops and markets digital media for the masses in the form of multimedia integrated circuits (ICs) for PCs and digital processing ICs for TVs and TV monitors. Trident's products are sold to a network of OEMs, original design manufacturers and system integrators worldwide. For further information about Trident and its products, please consult the Company's web site: http://www.tridentmicro.com/.
NOTE: Trident is a registered trademark of Trident Microsystems, Inc., HiDTV(TM), DPTV(TM), SVP(TM) WX, SVP(TM) UX, SVP(TM) PXP and SVP(TM) CX are trademarks of Trident Microsystems, Inc. All other company and product names are trademarks and/or registered trademarks of their respective owners. Features, pricing, availability and specifications are subject to change without notice.
Forward Looking Statements
This press release contains forward-looking statements regarding expectations about Trident's ability to provide a connected TV offering and capitalize on the emergence of connected TV, realize the benefits provided by Tiside to provide substantial differentiation to Trident-enabled TV, and the ability of Trident products to shorten the product introduction cycle, reduce R&D cost and increase product quality. These forward looking statements are subject to risks and uncertainties, and actual results could differ materially from those projected. Information regarding such risks and uncertainties can be found in the Company's most recently filed annual report on Form 10-K and other filings that have been made with the SEC.
