SAN JOSE, Calif. -- Sigma Designs Inc. has signed a definitive agreement to acquire Zensys Holdings Corp. for an undisclosed price.
Zensys (Fremont, Calif.) is a developer of single-chip RF solutions called Z-Wave, a wireless mesh-networking technology. Zensys was founded in 1999 to develop wireless solutions for the emerging home automation and remote control markets.
Upon completion of the acquisition, Zensys will be merged into the headquarters of Sigma Designs (Milpitas, Calif.). Zensys also has an R&D center located in Copenhagen, Denmark, which will remain in place. The group currently employs 33 people, 23 of which are engineers.
In a statement, Thinh Tran, chairman and CEO of Sigma Designs, said: ''We see a strong synergy with our set-top box offerings as the world moves toward IP-based video delivery and providers are able to establish platform extensions for additional services.''
Sigma Designs is a fabless provider of solutions that are used to deliver multimedia entertainment throughout the home.
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