NETANYA, Israel Semiconductor packaging technology specialist Tessera Technologies Inc. is buying, for $18 million, Eyesquad, a developer of micro-imaging products, only a year after the Israeli company was established.
Eyesquad's technology allows cellular phones with cameras to provide features found today only in digital cameras. The features include improved image quality, continuous optical zoom, built-in auto-focus and a close-up imaging capability.
According to Eyesquad (Tel Aviv, Israel) these features can be enabled without changing the cellphone camera's lens. It says companies such as Nokia and Samsung are testing the technology and looking to integrate it into future products.
Other applications suitable for the company's products and technology include barcode scanners, endoscopes, and various security applications for miniature cameras.
Tessera is expected to sell licenses for the newly acquired technology to makers of image sensors, lenses and digital cameras.
The Israeli startup was founded by its CEO David Gasul, David Mendlovic, a former Tel Aviv University professor, and CTO Dr. Gal Shabtay. Eyesquad has 15 employees and the company said it would continue its development activity in Israel.
At the end of 2005, Tessera purchased the intellectual property rights of Israel-based Shellcase for $33 million.