Quick Take
CEVA (CEVA) announced it has acquired Hillcrest Laboratories for an undisclosed amount.
Hillcrest Labs provides software, components and intellectual property for sensor processing in consumer and IoT electronics as well as robotics.
CEVA acquired Hillcrest to diversify its licensing offerings into new fields such as augmented/virtual reality, IoT, and robotics applications.
Target Company
Rockville, Maryland-based Hillcrest Labs was founded in 2001 to develop software and components that enable smart sensor data processing in various digital devices, including robotics, virtual reality [VR], augmented reality [AR], 3D audio, and handheld motion controllers.
Management