LONDON – Samplify Systems Inc. (Santa Clara, Calif.), a startup fabless chip company with expertise in compression, has sold off its existing intellectual property portfolio to Cephasonics Inc., a newly-formed company that represents a management buy-out of the Samplify's ultrasound business and assets. The amount paid was not disclosed.
The sell off supports a change of direction at Samplify to focus on high-performance computing, cloud computing, and conmsumer electronics. Samplify announced the change of direction and the appointment of Allan Evans as CEO in March
. Al Wegener, founder of Samplify in 2006, continues with the company as chief technology officer.
The sale to Cephasonics includes the SAM1600 analog-to-digital converter (ADC), the product with which the company made its name and which is sold into other markets besides medical electronics.
The deal is complete and Cephasonics and Samplify will be independent of each other moving forward, Samplify said in a statement.
"As an early stage startup, we focused our efforts on developing technologies and products for the industrial, scientific and medical markets. The company has successfully monetized its technology in the computed tomography, oil and gas exploration, wireless infrastructure and now ultrasound," said Evans, in a statement.
"This revenue stream allows us to now aggressively enter the high-volume computing, consumer, and mobile device markets with our superior and proven APAX technology. APAX breaks through the memory wall currently limiting the performance of these multicore-based applications," he added.
Samplify, founded in 2006, entered the Silicon 60, EE Times'
emerging startup companies at version 9.0 in October 2009. Related links and articles:
Samplify appoints CEO
Samplify offers speed up for multicore processors
Samplify announces ultrasound ASIC