SANTA CLARA, Calif.--(BUSINESS WIRE)--Cresta Technologies Corporation, the innovator of software-defined, programmable broadband TV reception for PCs, announced today that it has purchased certain assets of Xceive Corporation, the performance leader in tuner IC’s for flat panel TVs, including all the intellectual property and patents, for an undisclosed sum.
Xceive, now a CrestaTech brand, will continue to offer its market leading IC products providing multi-standard silicon RF tuners to some of the world’s leading TV brands with the same track record of visual performance, reliability and support.
“The rapid convergence between TV, PC and set top technologies has created a massive technical challenge for the manufacturers of the next generation of smart CE devices, particularly TVs,” explained George Haber, founder, president and CEO of CrestaTech. “Further complicating this task is the need for global delivery of feature-rich broadcast-capable electronics at consumer price points.”
CrestaTV technology is a highly programmable software-based multi-standard demodulation capability and flexible front-end and interface that allows for the reception and digitization of any TV signal anywhere in the world.
Xceive was the first company to achieve significant and widespread usage of silicon IC tuners over traditional CAN tuners by TV OEMs such as LG, Vestel, Orion, and other top TV manufacturers in Japan, Korea, Taiwan, China and Europe. Xceive tuner IC products are 100 percent compatible with all worldwide analog and digital television standards and are currently shipping in TVs for nearly all major markets worldwide.
Haber concluded, “By integrating the universal software-defined TV receiver technology of CrestaTV with the very high performance Xceive tuner IC portfolio, manufacturers will have access to receiver technologies that can enable the rapid development of feature-rich, universal TV capable devices for simultaneous deployment to a variety of mass markets.”
CrestaTech’s purchase of Xceive assets will allow for ongoing revenue generation from the profitable TV tuner business, the rapid development of enhanced next-generation RF tuner chip designs, as well as the expansion of business beyond the TV, like All-in-One PCs and tablets applications.
“This is a major turning point, as CrestaTech now is poised to become the next major tuner powerhouse,” said Brian Mathews, vice president of marketing for the Xceive brand of CrestaTech. “By combining the established engineering expertise and technologies of CrestaTech and Xceive, and taking advantage of synergies in the distribution channel and manufacturing, CrestaTech has the ability to drive the global transition to universal TV on any smart device.”
CrestaTech will continue to support the Xceive brand RF tuner business. More information can be accessed by contacting sales@xceive.com or from the website at www.xceive.com. CrestaTech is simultaneously continuing the development of its CrestaTV business with major PC OEMS for the deployment of universally compatible All-in-One PCs. For more information contact sales@crestatech.com.
About Cresta Technology’s Xceive Brand
Xcieve is a leading brand of RF silicon solutions for television signal reception, which replace the bulky “CAN” tuner modules traditionally used inside television sets. CrestaTech is producing the Xceive XC5000, the first silicon tuner that provides performance surpassing that of tuner modules, and now also the upgraded version, the Xceive XC5000C.
CrestaTech estimates that over 20 million TV sets have been produced for all regions of the world using Xceive multi-standard tuner plus analog demodulator and nearly $80M in revenue was generated from the world's leading TV manufacturers. This demonstrated market adoption highlights the flexibility of the Xceive proprietary architecture, which achieves true compatibility with all worldwide digital and analog TV standards. The success of the Xceive brand is a result of more than $40 million of venture capital investment from leading venture capital firms Sequoia Capital, Ignite Group, QTV Capital and Scale Venture Partners.
About CrestaTech - The Programmable Broadband Company
Founded in 2005, CrestaTech (www.crestatech.com) is the first company to provide a software-defined silicon solution that can be programmed to work with the widest range of broadband frequencies and wireless standards used in laptops and portable devices. The initial area the company will tackle is the PCTV market with a universal solution for the reception of analog and digital TV, radio and GPS called CrestaTV. The flexible nature of the CrestaTech Programmable Broadband technology will target ever more portable and mobile devices and emerging communications protocols. A venture backed startup headquartered in Santa Clara, Calif., CrestaTech is led by an experienced management team with extensive backgrounds in programmable RF, algorithms and parallel processing.