Tessera Technologies Acquires Technology Assets from O’Melveny Client Pelican ImagingNovember 02, 2016
FOR IMMEDIATE RELEASE
SILICON VALLEY—November 2, 2016—O’Melveny represented Pelican Imaging Corporation in its sale of technology assets and substantial patent portfolio to Tessera Technologies, Inc. (Nasdaq: TSRA). Pelican is a privately held inventor of depth-sensing multi-camera imaging technologies for mobile, drones, automotive, and AR/VR devices. Pelican's advanced imaging solutions provide pixel-level 3D depth information.
The O’Melveny team was led by partner David Makarechian and associates Hilary St. Jean and Hao Wang.
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O’Melveny & Myers LLP
The following press release was issued by Tessera:
TESSERA TECHNOLOGIES ACQUIRES TECHNOLOGY ASSETS FROM PELICAN IMAGING CORPORATION
Expands Multi Camera and Smart Imaging Solutions
SAN JOSE, Calif.—(BUSINESS WIRE)—Tessera Technologies, Inc. (Nasdaq: TSRA) ("Tessera" or the "Company") today announced that the Company has acquired the technology assets and substantial patent portfolio of Pelican Imaging Corporation, a privately held inventor of depth-sensing multi-camera imaging technologies for mobile, drones, automotive, and AR/VR devices. Pelican's advanced imaging solutions provide pixel-level 3D depth information. It delivers post-capture image refocus, focus on multiple subjects, and depth measurement capabilities.
The addition of Pelican's advanced imaging technologies will enable Tessera, through its FotoNation subsidiary, to accelerate development of new, high performance, low power computational imaging solutions for use in next generation applications and devices.
"This acquisition shows our commitment to further invest in strategically building our growing portfolio of multi-camera and smart imaging solutions," said Tom Lacey, CEO of Tessera. "We will integrate Pelican's advanced imaging technologies and engineering talent with FotoNation, to accelerate the development of deeper and more feature-rich solutions to capitalize on the growing demand for these technologies."
About Tessera Technologies, Inc.
Tessera Technologies, Inc., including its Invensas and FotoNation subsidiaries, licenses technologies and intellectual property to customers for use in areas such as mobile computing and communications, memory and data storage, and 3D IC technologies, among others. Our technologies include semiconductor packaging and interconnect solutions, and computational imaging and computer vision products and solutions for mobile and other vision systems. For more information call +1.408.321.6000 or visit www.tessera.com or www.fotonation.com.
Tessera, the Tessera logo, FotoNation, and the FotoNation logo, are trademarks or registered trademarks of affiliated companies of Tessera Technologies, Inc. in the United States and other countries. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161101005720/en/
PR Agency Contact:Zeno Group
Dan Sorensen, +1 650-801-0944
Company Contact:Tessera Technologies, Inc.
Adolph Hunter, +1 408-321-6710
Source: Tessera Technologies, Inc.