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It follows from the company’s message that ARM acquired Apical for $ 350 million. The transaction was closed May 17, 2016. Through the acquisition of Apical, ARM hopes to accelerate business growth in such unfamiliar for the company’s markets as the Internet connected automobiles, robotics, security systems, industrial and retail solutions.
Apical company was founded in 2002, and is engaged in development of embedded computer vision. The technology can be found in more than 1.5 billion smartphones and 300 million other consumer and industrial devices worldwide. The company employs about 100 people, most of them work in the British research center in Loughborough.
It is worth noting that the machine vision involves digital processing of images and video so that computer systems could understand them.
"Machine vision is in the early stages of development, and the market of devices use this technology is bound to increase," - said ARM’s CEO Simon Segars.
Recall that in January-March 2016, ARM's revenues amounted to 276.4 million pounds ($ 398 million), which is 22% more than a year ago. Net profit rose by 7.6% to 91.5 million pounds ($ 131.8 million).
Income from sale of licenses to use ARM’s developments increased by 11% year over year, to $ 148.3 million. Revenue from licensing processors jumped 24% to $ 135.3 million. In the last quarter, the company signed 39 new agreements for licensing of processors, which is a record indicator for the chip maker. 16 contracts were signed with new clients.
Simon Segars, commenting on the financial results, said the company is doing "pretty good" in terms of increasing revenues from royalties. Meanwhile, the entire market of chips fell by 3% in the quarter I.
source: reuters.com
Apical company was founded in 2002, and is engaged in development of embedded computer vision. The technology can be found in more than 1.5 billion smartphones and 300 million other consumer and industrial devices worldwide. The company employs about 100 people, most of them work in the British research center in Loughborough.
It is worth noting that the machine vision involves digital processing of images and video so that computer systems could understand them.
"Machine vision is in the early stages of development, and the market of devices use this technology is bound to increase," - said ARM’s CEO Simon Segars.
Recall that in January-March 2016, ARM's revenues amounted to 276.4 million pounds ($ 398 million), which is 22% more than a year ago. Net profit rose by 7.6% to 91.5 million pounds ($ 131.8 million).
Income from sale of licenses to use ARM’s developments increased by 11% year over year, to $ 148.3 million. Revenue from licensing processors jumped 24% to $ 135.3 million. In the last quarter, the company signed 39 new agreements for licensing of processors, which is a record indicator for the chip maker. 16 contracts were signed with new clients.
Simon Segars, commenting on the financial results, said the company is doing "pretty good" in terms of increasing revenues from royalties. Meanwhile, the entire market of chips fell by 3% in the quarter I.
source: reuters.com
