SANTA CLARA , Calif., August 1, 2015 – Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading supplier of video displays and interface ICs headquartered in Silicon Valley, today announced that it has completed its acquisition of Cypress’s TrueTouch Mobile business for an aggregate consideration of approximately US$100 million in cash.
Parade believes this acquisition will substantially expand Parade’s addressable market, increase company scale, and diversify its revenue and customer base. Cypress’s state-of-the-art technology in capacitive touch-sensing will also help extend Parade’s leadership position in display market and enable Parade’s roadmap for display and touch integration solutions.
About Parade Technologies
Parade Technologies (Taipei Exchange: 4966.TWO) is a leading fabless supplier of mixed-signal ICs for a variety of popular display and high-speed interface standards used in computers, consumer electronics and display panels. Parade’s portfolio of IC products serves the growing demand for DisplayPort™, eDP™ (Embedded DisplayPort), HDMI™, SATA, and USB ICs for display, storage and interface applications.
Parade leverages its close relationships with market-leading Tier-1 OEMs to develop ICs that provide unique system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, advanced system integration and enhanced power efficiency. As a result of the company’s “Standard-plus” design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.