2023-05-10 07:42:08 ET
- CEVA ( NASDAQ: CEVA ) acquires RealSpace3D Spatial Audio business, technology and patents from VisiSonics Corporation.
- By integrating VisiSonics' spatial audio software with CEVA's MotionEngine sensor fusion software, RealSpace provides a complete spatial audio solution with dynamic head tracking.
- Amir Panush, CEO of CEVA, commented: "The acquisition of the VisiSonics' spatial audio software and business builds on an already strong relationship and allows us to better serve OEMs who wish to enhance the audio experience of their products with a best-in-class immersive spatial audio solution with such world-class providers as THX Ltd. The software is market-proven with industry leaders in gaming and hearables and presents us with an opportunity to expand our customer base by delivering on the true potential of this technology, including entry into the burgeoning consumer IoT and automotive markets."
- The stock price has declined 4.1% during pre-market.
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CEVA acquires spatial audio business from VisiSonics