Nethra Imaging Completes Acquisition of Assets of Ambric

SANTA CLARA, Calif.--(BUSINESS WIRE)--Nethra Imaging, Inc. announced today that it has completed the acquisition of substantially all of the assets of Ambric, Inc. Based in Beaverton, Oregon, Ambric is a supplier of a new type of software-programmable, high-performance ICs based on a Massively Parallel Processor Array (MPPA) architecture. Ambric's products, which are currently shipping into the media processing and medical imaging markets, have helped companies accelerate time to market for their products while slashing development costs.

“We are delighted to have acquired Ambric’s technology, as we believe that it fits extremely well with Nethra’s strategy of providing complete semiconductor and systems solutions for the media processing and imaging markets”

“We are delighted to have acquired Ambric’s technology, as we believe that it fits extremely well with Nethra’s strategy of providing complete semiconductor and systems solutions for the media processing and imaging markets,” said Ramesh Singh, President and Chief Executive Officer of Nethra. “Since its inception, with the help of a very talented team, Ambric has developed two generations of products incorporating its leading-edge processor architecture. We see the Ambric product line as a natural fit into the markets that Nethra is focused on.

"Nethra is committed to continue working with established Ambric customers ensuring a seamless transition and continued support for their current products and future product roadmaps. The integration of the Ambric team and products is expected to be completed by mid-April."

About Nethra

Nethra Imaging is a fabless semiconductor company focused on delivering imaging and video solutions for a wide range of applications in the broadcast, medical, surveillance and military markets. The company uses proprietary algorithms to build flexible, fully programmable image processors and related products. Located in Santa Clara, California, Nethra is privately-held and since its inception in 2003, has developed scalable image processing solutions for a variety of video and multimedia applications. For more information, visit www.nethra.us.com.

Nethra Imaging™ and the Nethra logo are trademarks of Nethra Imaging Inc. All other product or service names are the property of their respective owners. © Nethra Imaging Inc. 2009.