Financial and institutional organisations invest in Cortus’ international expansion
Montpellier, France, 19th September 2011 – Cortus S.A., the technology leader in ultra-low power, silicon efficient, 32-bit processor IP for embedded systems, announces the closure of a funding round. The investment from financial partners Credit Agricole Entreprises and Banque Dupuy de Parseval and institutional partners OSEO and the Region of Languedoc-Roussillon focus on international expansion and development.
Since starting in 2005, Cortus has completed the development of an extensive ecosystem for its APS3 core and achieved key design wins in a variety of rapidly growing market segments. The new funding secures the international expansion and development plans over the next three years allowing Cortus to scale their technical and business development activities. Cortus are now accelerating the recruitment of talented individuals for both engineering and sales roles.
Cortus’ 32 bit processor cores have proven their technical superiority in a wide range of embedded applications. This funding round will now enable Cortus to significantly grow its business in Asia, Europe and North America.
The APS3 processor, with best in class computational performance, energy efficiency and silicon area, has been in volume production since the third quarter of 2008. The core has already been designed into applications as diverse as SIM card security, low energy Bluetooth, video processing, touch screen controllers, automotive sensors and smart meters. APS3 licensees include Schneider, Taegee/MagnaChip, E2V, Coronis/Elster, SightIC/Broadcom, Certicom/RIM, PointChips, Discretix, CEA, AAI/MicroSemi and StarChip among others.
About Cortus S.A.
Cortus S.A. is the price/performance leader for 32 bit processor IP for embedded systems. Cortus cores are used in applications where one or more of small silicon footprint, low power consumption, good code density/small code memory size and high performance are important. http://www.cortus.com
About Credit Agricole Entreprises
Retail bank leader in France (1) and in Europe (2), Credit Agricole is a first-class partner for the economies in which they operate. Credit Agricole Entreprises Languedoc-Roussillon is a division of the Credit Agricole Group, which is specialised in the international business finance for growing high tech companies. The strength of their retail banks including 11,500 branches worldwide and the expertise of their specialised subsidiaries give Crédit Agricole an effective presence in all areas of banking and finance. More than 160,000 employees work to satisfy the banking requirements of 49 million customers in 70 countries. http://www.credit-agricole.com
About Banque Dupuy de Parseval
Banque Dupuy de Parsecal is a division of the Private Bank of BPCE Group, founded in Sète, France, to specialise in trade transactions, over the last century and a half they have extended their capabilities to cover all sectors in the entire region by developing a relationship of confidence with a wide-ranging but select customer base. http://www.bdp.fr/