Semtech Corp, which is Nasdaq listed (SMTC) and claims to be a leader in the SDI video market, has acquired AptoVision Technologies Inc, a privately-held developer that has been working on Video over IP (VIP) technology. The value of the deal is $28 million, with up to $47 million further subject to future progress.
Aptovision developed the BlueRiver technology and has been promoting the technology and the Software Defined Video over Ethernet (SDVoE) API for standardisation of control of video over IP.
The acquisition, subject to customary closing conditions, is expected to close during the Semtech’s current fiscal quarter.
