Cirrus Logic Makes an Acquisition

The chip designer adds voice processing technology specialist.

By Rich Duprey – Oct 1, 2013 at 11:33PM EST

Analog and mixed-signal chip designer Cirrus Logic (CRUS +0.84%) announced today it acquired embedded firmware voice processing technology leader Acoustic Technologies, which employs 30 people who have since been hired by Cirrus Logic. Financial details of the transaction were not disclosed.

Welcoming the Acoustic team to the chip designer, Cirrus Logic President and CEO Jason Rhode said, "We expect the combination of sophisticated voice-processing algorithms and Cirrus Logic's market leading audio hardware to provide a very compelling value proposition for our customers."

Acoustics technology includes noise reduction, echo cancelation, and voice enhancement. Based in Austin, Texas, Cirrus Logic designs highly optimized products for a variety of audio and energy-related applications that are used in smartphones, tablets, and other electronic devices.

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Cirrus Logic Makes an Acquisition

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