Imagination's $47M Wireless Network Boost
Its HelloSoft acquisition expected to enhance next generation mobile network LTE.
As reported on Reuters, chipmaker Imagination Technologies agreed to buy HelloSoft for up to $47 million to boost its ability to handle audio, video, voice and graphics delivered over Wi-Fi networks. It is paying about $20.2 million in cash for the U.S.-based firm and up to $26.9 million in a combination of cash and shares over the next three years depending on performance. Voice and video exchanges over the Internet in wireless networks such as Wi-Fi, Wi-Max and the next generation mobile network LTE are enabled with HelloSoft's software.
"'HelloSoft has strong technology in Voice over IP (Internet Protocol), Video over IP, and the communication and software stack that goes with it,' he said in an interview on Wednesday. 'It is very complementary to our graphics and multimedia engine in bringing end-to-end media over Internet Protocol.' Smartphones, such as Apple's iPhone, which uses Imagination's graphics technology, can switch between Wi-Fi and 3G networks, which uses a different type of data transfer."