With an eye on the markets for wearables and the internet of things (IoT), digital signal processing specialist IP company CEVA has bought Riviera Waves, a France based supplier of WiFi and Bluetooth cores, in a deal worth an expected $19m.
RivieraWaves claimed to be the first IP company to qualify a core for Bluetooth Smart, formerly known as Bluetooth Low Energy, which was designed for sensor nodes and wearables and is one of the current front-runners among Zigbee and 6LowPAN for IoT wireless connections. RivieraWaves supplies both PHY and MAC designs for Wi-Fi 802.11ac and Bluetooth Smart 4.1 using either a hardware or DSP-based implementation, to allow integration on baseband devices that support other wireless protocols, such as LTE.
CEVA said it has already collaborated with RivieraWaves on SoC designs that include Wi-Fi support over the past two years and have a number of joint customers in the mobile and smart-home devices, primarily using the Riviera Waves WiFi IP.
Gideon Wertheizer, CEO of CEVA, said: “RivieraWaves in an excellent acquisition fit for CEVA, enabling us to further expand into the connectivity IP space with production-proven leading-edge technologies.”
CEVA has agreed to pay approximately $19m to acquire RivieraWaves. CEVA will make an initial payment of approximately $12m with the rest dependent on performance and other milestones as well as a two year retention plan for the current RivieraWaves’ employees.