Cirrus Logic Acquires Audio Signal Processing Leader Acoustic Technologies
Arizona-Based Firm Enhances Cirrus Logic’s Strength in Sophisticated Voice
AUSTIN, Texas -- October 1, 2013
Cirrus Logic, Inc. (Nasdaq: CRUS) announced today that it has acquired
Acoustic Technologies, Inc. The Mesa, Ariz.,-based firm is a leader in
embedded firmware voice processing technology, including noise reduction, echo
cancelation and voice enhancement.
“Acoustic Tech's team of audio experts and their proven voice processing
technologies are a welcome addition to Cirrus Logic's arsenal,” said Jason
Rhode, president and chief executive officer, Cirrus Logic. “We expect the
combination of sophisticated voice-processing algorithms and Cirrus Logic's
market leading audio hardware to provide a very compelling value proposition
for our customers.”
Acoustic Technologies has approximately 30 employees who have now joined
Cirrus Logic, Inc.
Cirrus Logic develops high-precision, analog and mixed-signal integrated
circuits for a broad range of innovative customers. Building on its diverse
analog and signal-processing patent portfolio, Cirrus Logic delivers highly
optimized products for a variety of audio and energy-related applications. The
company operates from headquarters in Austin, Texas, with offices in Arizona,
Europe, Japan and Asia. More information about Cirrus Logic is available at
Cirrus Logic and Cirrus are trademarks of Cirrus Logic, Inc.
Safe Harbor Statement
Except for historical information contained herein, the matters set forth in
this news release contain forward-looking statements related to the expected
benefits of the acquisition of Acoustic Technologies, Inc. These
forward-looking statements are based on our current expectations and
assumptions and are subject to certain risks and uncertainties that could
cause actual results to differ materially. For factors that could cause our
results to vary from expectations, please see the risk factors listed in our
Form 10-K for the year ended March 30, 2013, and in our other filings with the
Securities and Exchange Commission, which are available atwww.sec.gov. We
undertake no obligation to update or revise any forward-looking statements,
whether as a result of new developments or otherwise.
Cirrus Logic, Inc.
Bill Schnell, 512-851-4084
Strategic Communications, Inc.
Angie Hatfield, 425-941-2895
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