SiRF Buys TrueSpan
SiRF announced today they have purchased TrueSpan for an undisclosed amount of cash and stock. TrueSpan builds chipsets to drive consumer audio and video products and has a development team in Long Beach, California.
This will certainly pave the way for SiRF to develop more advanced chipsets performing functions beyond just GPS. More and more GPS devices are getting advanced audio and video capability and this acquisition is sure to mean good things to come from SiRF.
We believe that the mobile video broadcast market fits that criteria and is very synergistic with our target markets for GPS,” said Kanwar Chadha, founder and vice president of marketing for SiRF. “The sophisticated OFDM technology developed by TrueSpan not only addresses the needs of the emerging mobile digital television market, but also has the potential to become a major anchor for our overall multifunction strategy.”