Audio technology company Synaptics Inc. (Nasdaq: SYNA) is acquiring DSP Group Inc. (Nasdaq: DSPG), a wireless technology provider for smart-enabled devices in voice, audio, video and data connectivity.
“We continue to invest in technologies that tilt our product mix toward IoT applications,” says Michael Hurlston, CEO of Synaptics. “DSP Group’s expertise in SmartVoice and ULE wireless solutions, coupled with Synaptics’ leadership position in far-field speech recognition and IoT directed Wi-Fi/BT combos enables us to deliver increasingly differentiated solutions to our combined customer base, while positioning us to lead the transition to AI enabled devices at the edge of the network.”
Goodwin Procter LLP is advising Synaptics and Barclays is providing financing. Goldman Sachs & Co. and Morrison & Foerster LLP are advising DSP Group.