The Hindu : Business : SiRF Tech Holdings buys Impulsesoft

Online edition of India's National Newspaper
Friday, Jan 27, 2006

Business

Business

SiRF Tech Holdings buys Impulsesoft

Special Correspondent

Cash-and-stock deal worth Rs. 67.50 cr.

BANGALORE: The Nasdaq-listed SiRF Technology Holdings Inc. has acquired Impulsesoft Private Limited, the Bangalore-based Bluetooth audio solutions provider for original equipment manufacturers and embedded software firm, in a cash and stock deal worth Rs. 67.50 crore.

"This acquisition is a strategic part of our vision to enhance the value of solutions we deliver to our customers.

In a world of increasing wireless connectivity, GPS and Bluetooth are becoming common functions in all our target markets," said Kanwar Chadha, founder and Vice-President, Marketing, of the California-based SiRF, a provider of GPS-enabled silicon and premium software location platforms.

The acquisition is expected to improve SiRF's capabilities to deliver and support value-added embedded software solutions to complement its chip-set offerings for enhanced user experience.

Following the acquisition, Impulsesoft has become a wholly-owned subsidiary of SiRF Technology Holdings.

The Bangalore team of Impulsesoft will work with SiRF teams worldwide on new product developments.

"SiRF's leadership in GPS-enabled location technology market place opens up vast opportunities for our embedded software expertise. Both our companies share a vision of providing solutions that enhance the user experience in the vast markets that we serve including mobile phone, automotive, mobile computers and consumer platforms," said K. Srikrishna, President and Chief Executive Officer, Impulsesoft.

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