Portfolio News
Geo Semiconductor Announces Launch of Operations
TechFinance.ca News Service
11 June 2009
Geo Semiconductor Inc. today announced its formation and acquisition of major IC business lines and key elements of the IP portfolio of Silicon Optix Inc., including the Realta and the Geo ICs.
GEO is focused on providing the next-generation of video processing for HD and beyond by transitioning its award winning and branded (HQV – Powered by Teranex) video algorithm execution to a software platform, allowing customers to selectively integrate their own IP for product differentiation (Digital Video 2.0 – TM).
Geo Semiconductor was founded by Chairman and CEO, Paul Russo, formerly founder & CEO of Silicon Optix, Inc. and of Genesis Microchip.
Geo Semiconductor's management team is consisting of former Silicon Optix executives and other industry veterans. Mike Hopton, VP of Operations and GM based in Toronto, held the same position at Silicon Optix and Genesis Microchip. Madhu Rayabhari, VP of Marketing & Business Development, held similar positions at Microsemi and PowerDsine Inc.
Geo Semiconductor will be headquartered in Sunnyvale, California with operations and development centers in Toronto, Canada and Orlando, Florida.
In October 2008, Integrated Device Technology, Inc. (Nasdaq: IDTI) acquired video processing technology and related assets along with members of the Silicon Optix's intellectual property and engineering teams.
Founded in 2000, Silicon Optix was backed by InterWest Partners, Apax Partners, Polaris Ventures, Canaan Partners, Focus Venture, Origin Partners, Primaxis Technology Ventures, and Firsthand Capital.
