Confirms India a key location for R&D and future business development -- UK based Imagination Technologies Ltd., a world leader in multimedia and communications technologies, today confirmed the completion of the acquisition of HelloSoft into the Imagination Technologies Group. This is part of a wider strategy to develop Imagination's Indian R&D operations, tapping into the important Indian engineering talent pool. Imagination now has two R&D centers in India located at Hyderabad and Pune with a combined workforce of over 150 employees.
HelloSoft's acquisition by Imagination Technologies Group plc (LSE:IMG) will strengthen Imagination's R&D position in the Indian market and enhance its product portfolio to include VoIP and Video over IP products, as well as strengthen its wireless connectivity capabilities.
Hossein Yassaie, CEO, Imagination Technologies says: "The HelloSoft Hyderabad R&D team has already played an important role in helping to deliver our vision of providing a comprehensive and market-leading Wi-Fi technology solution, by combining their extensive know-how with Imagination's ENSIGMA UCCP (Universal Communications Core Platform) IP. HelloSoft's highly respected carrier-class mobile Video and Voice over IP (V.VoIP) technology, which Imagination also gained through this acquisition, provides a second important and highly complementary area of technology with a growing market opportunity. We are delighted to welcome HelloSoft's Hyderabad R&D team into Imagination, and are confident that together we will make a significant impact on future consumer multimedia and communications products in India and elsewhere."
Krishna Yarlagadda, president and CEO of HelloSoft Inc. (now, president, Imagination Technologies USA) adds: "The HelloSoft Hyderabad Wi-Fi team has been working with Imagination's UK-based R&D engineers for the past three years, and the teams already enjoy a strong working relationship. HelloSoft's R&D team is very excited to be working on Imagination's future ENSIGMA IP products as well as adding their V.VoIP technology to Imagination's already extensive IP portfolio. We are planning to add more highly qualified professionals to the team in Hyderabad in 2011 and beyond, reflecting growing demand for Imagination's IP products globally, along with the benefit of bringing the design capabilities of two world leading engineering teams together.
Source: Press release distribution via India PRwire
Notes to Editor
HelloSoft (www.hellosoft.com) is one of the world's leading providers of Video, VoIP and wireless LAN technologies. HelloSoft supplies both software and semiconductor connectivity intellectual property to semiconductor manufacturers, and supplies software intellectual property to major ODMs/OEMs and also to tier 1 service providers/operators who offer VoIP and Video over IP services.
HelloSoft has a workforce of 85 people including an R&D facility in Hyderabad, India with corporate and sales offices in San Jose, California in the heart of Silicon Valley, with sales distributors and representatives worldwide.
HelloSoft is led by company founder and CEO, Krishna Yarlagadda, who is supported by an experienced and highly innovative team. Imagination expects Krishna and his team to continue to remain actively involved in developing the HelloSoft product set. In addition Krishna Yarlagadda will assume the role of President, Imagination Technologies USA.
About Imagination Technologies
Imagination Technologies Ltd is a global leader in multimedia and communication technologies that creates and licenses market-leading processor cores for graphics, video, multi-threaded embedded processing/DSP and multi-standard communications applications. These silicon intellectual property solutions for systems-on-chip (SoC) are complemented by platform level IP and services, a strong array of software tools and drivers and extensive developer and middleware ecosystems. Target markets include mobile phone, handheld multimedia, home consumer entertainment, mobile and low-power computing, and in-car electronics. Its licensees include many of the leading semiconductor and consumer electronics companies. Imagination has corporate headquarters in the United Kingdom, with sales and R&D offices worldwide.
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