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NVIDIA acquires leading Finnish developer of graphics for handheld devices
27/03/2006
Hybrid Graphics will continue to invest in expansion and new business opportunities
On 22nd March 2006, NVIDIA Corporation, a global leader in programmable graphics processor technologies based in California, announced that it has signed a definitive agreement to acquire Helsinki-based Hybrid Graphics Ltd, a leading developer of embedded 2D and 3D graphics software for handheld devices. According to a statement, the acquisition will enable the customers of both companies to deploy compelling graphics solutions for the entire world-wide handheld market.
In a joint press release, NVIDIA and Hybrid Graphics said that subject to the satisfaction of customary closing conditions, Hybrid Graphics will become a subsidiary of NVIDIA Corporation and will continue to market and sell its products under the Hybrid name. It was also stated that Hybrid Graphics will maintain full support for its existing customer base, while continuing to invest in expanding its engineering department and driving new business opportunities.
“Handheld devices will require rich graphics”
Commenting on the acquisition, Jen-Hsun Huang, President and CEO of NVIDIA, said: “Over the next decade, billions of handheld devices will be sold and for many, they are likely to become their most important computing device. These powerful and multi-function handheld devices will require rich graphics and by combining with the recognized leader in handheld graphics software, we are positioned to accelerate the adoption of graphics by offering the handheld industry a range of solutions from software to IP to GPUs.”
Mikael Honkavaara, CEO of Hybrid Graphics, said “Since its inception, Hybrid has successfully delivered graphics solutions to hundreds of millions of handheld devices. We provide innovative graphics technology and we make it work in the real world, in real devices. Joining with NVIDIA will enable Hybrid to both accelerate its growth and continue to play a key role in defining, developing and shipping pervasive graphics solutions for the handheld industry.”
Founded in 1994 and based in Finland, Hybrid Graphics is a highly-respected software company at the forefront of developing and licensing graphics-technology solutions for handheld consumer devices. Hybrid’s customers are key players in the mobile industry including Nokia, Ericsson, Philips, Samsung, and Symbian. In 2005, Hybrid Graphics was one of the winners of the Red Herring European Top 100 competition.
Headquartered in Santa Clara, California (USA), NVIDIA has offices throughout Asia, Europe, and the Americas and employs 3,000 people world-wide. The company has received numerous business and technology awards, including Fortune's Fastest Growing Companies (2003), Wired Magazine's Top 40 (2003 and 2005), Stanford Business School's Entrepreneurial Company of the Year (2003), Fortune's Best Companies to Work For (2004), Forbes Platinum List (2006), and Best of CES 2006. Net sales by NVIDIA Corporation in the period ended 30 January 2005 totalled USD 2,010 million.
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