inSilicon Corporation acquires Ocean Logic's Multimedia Technology JPEG codec licensed as part of inSilicon's acquisition of Xentec, Inc
SYDNEY, Australia, December 11, 2000 - Ocean Logic, a privately held developer of multimedia and encryption semiconductor intellectual property, today announced that inSilicon Corporation (NASDAQ:INSN) has licensed Ocean Logic's JPEG codec family of products through inSilicon's acquisition of Xentec, Inc. of Toronto, Canada. Ocean Logic previously licensed Xentec as the exclusive distribution channel for JPEG IP technology, inSilicon assumes rights to Ocean Logic's JPEG technology as part of the acquisition.
InSilicon Corporation is a leading provider of communications platforms used by semiconductor and systems companies to design systems-on-chip that are critical components of wired and wireless products. inSilicon's technology provides customers faster time-to-market, and reduced risk and development cost. The company's enabling communications technologies, including the JVX(TM) Java(TM) Accelerator, Ethernet, USB, PCI, and IEEE-1394 are used in a wide variety of markets encompassing communications, consumer, computing, and office automation. inSilicon is a subsidiary of Phoenix Technologies.
About Ocean Logic Pty Ltd.
Ocean Logic Pty Ltd - based in Sydney, Australia - is a privately held company that specializes in the design of high-speed multimedia and encryption cores. Ocean Logic portfolio of intellectual property (IP) includes JPEG, DCT, Huffman decoder, DES, Triple DES and a motion estimation/compensation processor for video compression applications.