CSR Acquires APT - ProSoundNetwork.com

CSR Acquires APT

New York (July 29, 2010)--CSR plc has acquired Belfast-based APT Licensing Ltd., which deals in non-destructive audio compression solutions for wireless, broadcast and professional live performance applications. All of APT’s full-time staff will become part of CSR’s audio platform team, and CSR plans to retain the apt-x product brand.
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New York (July 29, 2010)--CSR plc has acquired Belfast-based APT Licensing Ltd., which deals in non-destructive audio compression solutions for wireless, broadcast and professional live performance applications. All of APT’s full-time staff will become part of CSR’s audio platform team, and CSR plans to retain the apt-x product brand.

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The move came following a three-year collaboration under the CSR eXtension Partner Program, which saw APT’s audio compression used on CSR's wireless audio platforms. According to the companies, the acquisition will pave the way for tighter integration of the apt-x audio compression CODECs and CSR’s audio products. CSR also expects the purchase to strengthen its presence in the real-time streaming audio market for mobile and wireless consumer applications and enable expansion into broader audio markets.

APT joins CSR with existing IP licensing agreements in place with Altec Lansing, Creative, Jaybird, and Sennheiser.

CSR’s CEO, Joep van Beurden, commented, “In acquiring APT, CSR is buying one of the industry's strongest audio IP portfolios and a 20-year heritage in audio expertise. The closer integration of APT’s IP with our own technologies will expand the market for its technology to more mainstream consumers and enable us to realise benefits that neither party could achieve independently. CSR is a leader in wireless audio, and the addition of APT will enable us to develop an exciting new generation of excellent quality, highly differentiated products that will further enhance the consumer experience. This will also serve to extend CSR’s capability in wireless audio platforms and help us to broaden our offering into new audio markets and revenue streams.”

"We're very proud of what APT has achieved over the last 20 years and are delighted to be joining CSR in what is a very positive step towards the increased proliferation of the high quality CODECS, into broader mobile and wireless consumer applications,” said Noel McKenna, CEO of APT. “Both CSR and APT's engineering teams share the same passion for audio and have proven their ability to collaborate successfully over the last three years. Through even closer integration of our CODECs with CSR's wireless technology, I see a very exciting future ahead."

CSR
www.csr.com