Synaptics sees gross margins accretive from 'smart home' acquisition
"At Synaptics, we have a knack for bringing the right technologies to the right growth markets, and adding voice and video processing solutions to our portfolio blends perfectly into the company's innovative technology product mix," said Rick Bergman, President and CEO, Synaptics. "These acquisitions provide Synaptics the industry's broadest portfolio of human interface solutions and rapidly accelerates the execution of our consumer IoT strategy, driving our next major phase of growth. The acquisitions are expected to add significant revenue, strong margins, new tier-one customers, an increasingly diverse customer base, impressive global talent, and a deep portfolio of intellectual property." "Synaptics has a long history of delivering products that drive industry inflection points, which presents an exciting opportunity for us," said Jan Johannessen, CEO, Conexant. "Our voice and audio processing solutions are enabling an entirely new category of digital personal assistants, and joining forces with Synaptics will help us further disrupt the emerging and growing consumer IoT ecosystem. The two companies share a common vision of investing with partners and customers to deliver powerful human interface solutions for a variety of applications."