Cirrus Logic Acquires Audio Signal Processing Leader Acoustic Technologies
October 01 2013 - 4:44PM
Business Wire
Arizona-Based Firm Enhances Cirrus Logic’s
Strength in Sophisticated Voice Processing Algorithms
Cirrus Logic, Inc. (Nasdaq: CRUS) announced today that it has
acquired Acoustic Technologies, Inc. The Mesa, Ariz.,-based firm is
a leader in embedded firmware voice processing technology,
including noise reduction, echo cancelation and voice
enhancement.
“Acoustic Tech's team of audio experts and their proven voice
processing technologies are a welcome addition to Cirrus Logic's
arsenal,” said Jason Rhode, president and chief executive officer,
Cirrus Logic. “We expect the combination of sophisticated
voice-processing algorithms and Cirrus Logic's market leading audio
hardware to provide a very compelling value proposition for our
customers.”
Acoustic Technologies has approximately 30 employees who have
now joined Cirrus Logic.
Cirrus Logic, Inc.
Cirrus Logic develops high-precision, analog and mixed-signal
integrated circuits for a broad range of innovative customers.
Building on its diverse analog and signal-processing patent
portfolio, Cirrus Logic delivers highly optimized products for a
variety of audio and energy-related applications. The company
operates from headquarters in Austin, Texas, with offices in
Arizona, Europe, Japan and Asia. More information about Cirrus
Logic is available at www.cirrus.com.
Cirrus Logic and Cirrus are trademarks of Cirrus Logic, Inc.
Safe Harbor Statement
Except for historical information contained herein, the matters
set forth in this news release contain forward-looking statements
related to the expected benefits of the acquisition of Acoustic
Technologies, Inc. These forward-looking statements are based on
our current expectations and assumptions and are subject to certain
risks and uncertainties that could cause actual results to differ
materially. For factors that could cause our results to vary from
expectations, please see the risk factors listed in our Form 10-K
for the year ended March 30, 2013, and in our other filings with
the Securities and Exchange Commission, which are available
at www.sec.gov. We undertake no obligation to update or revise
any forward-looking statements, whether as a result of new
developments or otherwise.
Cirrus Logic, Inc.Bill Schnell, 512-851-4084Public
Relationsbill.schnell@cirrus.comorStrategic Communications,
Inc.Angie Hatfield, 425-941-2895ahatfield@strategiccom.biz
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