Analog Devices acquires Swiss start-up21.03.2016 09:09
Analog Devices, Inc. announced the acquisition of SNAP Sensor SA, a privately held company based in Switzerland that specializes in highly innovative vision sensing technologies. The SNAP Sensor team will remain in Switzerland to establish a new Analog Devices R&D center.
SNAP Sensor's patented technology offers significant improvements to existing optical sensors by ensuring accurate image detection in challenging lighting conditions. It drastically improves sensing reliability and accuracy in a range of detection, identification, and guidance uses. In addition, much of the image management is performed on the sensor, enabling the use of affordable and lower power processors.
"Our team is very enthusiastic about joining Analog Devices," said Pascal Dorster, CEO of SNAP Sensor (image). "This provides us access to the engineering, supply-chain, and commercialization resources needed to accelerate our growth and continue advancing our technology vision." The SNAP Sensor team will remain in Switzerland to establish a new Analog Devices R&D center and continue its close collaboration with the Swiss research and technology organization CSEM.
The acquisition will advance Analog Devices' leadership position in sensing and signal processing and build upon platform-level Internet of Things (IoT) solutions such as ADI's award-winning Blackfin Low Power Imaging Platform (BLiP).
"SNAP Sensor's cutting-edge optical technology and vision software and algorithm expertise allow us to continue unlocking new possibilities for our customers in a wide range of IoT applications such as building automation, building security, city management, transportation, and more," said Michael Murray, general manager of Industrial Sensing, Analog Devices. "This acquisition further enhances our sensing portfolio and ensures that we're helping customers realize the best possible outcomes from IoT solutions."
About Analog Devices
Analog Devices (NASDAQ: ADI) designs and manufactures semiconductor products and solutions. In 2015 ADI’s fiscal 2015 revenue grew by more than 20 percent to a record $3.4 billion. The company enables its customers to interpret the world around them by intelligently bridging the physical and digital with unmatched technologies that sense, measure and connect.