2nd Apr 2007 07:04
Arc International PLC02 April 2007 Financial Contact: Juliet Clarke Financial Dynamics +44 20 7269 7200 [email protected] Media Contact: Lee Garvin Flanagin ARC International +1 408 437 3433 [email protected] ARC Acquires Teja Technologies To Create Software Platforms and Development Environments For the VRaptorTM Multicore Architecture Teja's Award-Winning Multiprocessor Technology Will Accelerate Time to Market for ARC's VRaptor-Based Subsystems ELSTREE, England, April 2, 2007 - ARC International (LSE: ARK) today announcedthat it has acquired the key assets of Teja Technologies, Inc., a privately heldcompany based in San Jose, California and a technology leader that developsheterogeneous multiprocessor software. The acquisition includes Teja's softwareproducts, key customer contracts, its engineering team, and patents for Teja'saward-winning technology. Today ARC International also announced a series of organizational changes, someof which are associated with this acquisition, including the appointment of aChief Operating Officer (COO) and creation of an Office of the CTO (ChiefTechnology Officer). See related news release dated April 2, 2007 for moredetails. Teja was founded in 1998 with funding from venture firms such as the MayfieldFund and Intel Capital. Teja's customer list includes "Tier 1" companies suchas Intel, Cisco Systems, Samsung, and Sun Microsystems. The acquisition of Tejaprovides ARC with an acclaimed software development team that will help improveexisting and create new application analysis, architectural co-design, andmulticore runtime tools for products based upon ARC's VRaptorTM MulticoreArchitecture. These will complement ARC's current software and programmingsolutions, such as the MQX(R) operating system and MetaWare Development Toolkit. Carl Schlachte, president and CEO of ARC International, said, "Teja is arecognized technology provider of multicore software platforms to semiconductorcompanies and OEMs globally. Its renowned engineering and R&D staff will extendARC's technical leadership and help advance the development of platforms forARC's next-generation solutions. Furthermore, the acquisition brings animmediate benefit to ARC's customers targeting the networking segment, as wellas a strategic benefit for the evolution of the VRaptor Multicore Architecture." Akash Deshpande, founder and CTO of Teja Technologies, said, "The combination ofTeja's multicore software development expertise with ARC's next-generationconfigurable architecture technology will be a powerful combination for theglobal semiconductor industry. ARC has clearly achieved industry-widerecognition as a leader and quickly is becoming the solution-of-choice formultimedia SoC design. We are very pleased to play a role in increasing ARC'smomentum and to become an integral part of ARC's team." The consideration will be $5 million (USD) in cash. An initial $3.4 million ispayable now with the balance to be paid in stages over two years based uponcompletion of performance targets. The acquisition may have a cost impact of upto $2 million (USD) on ARC's financial year 2007 operations. For the year endedDecember 31, 2006 Teja reported a loss of $3.3 million. The gross assets ofTeja on March 30, 2007 were $900,000 (USD). Under the terms of the UKLA listingrules this acquisition is a Class 2 transaction and does not require shareholderapproval. About the VRaptorTM Multicore Architecture The VRaptor Architecture is a new configurable heterogeneous multi-processorsolution that scales to meet the demands of advanced audio, video, and highdefinition media processing requirements in a wide array of consumer devices. Itsupports multiple configurable ARC CPUs with media extensions, multiplevectorized 128-bit SIMD processors, high performance streaming I/O, and domainspecific accelerators. The VRaptor Multicore Architecture implements a newactive communication channels technology that provides point-to-point links inhardware between the VRaptor cores, VRaptor accelerators and VRaptor I/Oelements, and carries commands as well as data. The active communicationchannels technology eliminates message interpretation overhead and provides fora unified programming model that simplifies the programming overhead oftenassociated with multi-processor architectures. The ARC VRaptor MulticoreArchitecture will be the foundation of ARC's next-generation Media Subsystems. # # # About ARC International plc ARC International is the world leader in configurable subsystems and CPU/DSPprocessors that are used by semiconductor companies worldwide to createsystem-on-chip (SoC) designs that provide a strategic competitive advantage.ARC's patented configurable products are smaller, consume less power, are lessexpensive to manufacture, and provide a higher degree of differentiation overwhat can be created using "fixed architecture" core alternatives. ARC International maintains a worldwide presence with corporate and research anddevelopment offices in California and Elstree, UK. For more information visitwww.ARC.com. ARC International is listed on the London Stock Exchange as ARCInternational plc (LSE: ARK). ARC and the ARC logo are trademarks or registered trademarks of ARCInternational. All other brands or product names contained herein are theproperty of their respective owners. This press release may contain certain"forward-looking statements" that involve risks and uncertainties, including thedevelopment, implementation, and release of features described herein. Theseare at the sole discretion of ARC International. Licenses from 3rd parties forcertain software and essential patents may be required depending on licensee'suse/implementation. For other factors that could cause actual results to differ,visit the company's Website as well as the listing particulars filed with theUnited Kingdom Listing Authority and the Registrar of Companies in England andWales. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Arkle Res