Sony Electronics has just announced that it has entered into a definitive agreement to acquire CCTV security camera chipset maker Pixim Incorporated, which is based in the Silicon Valley. Sony isn’t one of the biggest names in security and surveillance cameras, though the company is quite capable of producing some high-quality cameras and camera installations.
According to a recent statement from Pixim, Sony is looking to use the company’s Image Sensor technologies, as well as its engineering design expertise, to further strengthen Sony’s global design and support functions. Sony said in a recent statement that Pixim Incorporated “will play an important role as an image sensor semiconductor business subsidiary of Sony Electronics.”
Pixim added to that stating, “The merger is a positive outcome for Pixim’s main constituencies: employees, investors and customers. Pixim company and product brands (Seawolf, Nightwolf, etc…) remain unchanged. Sales, customer support and technical support contacts remain unchanged.”
In addition to that, it has been said that Pixim is well regarded for its CCD chipsets that were designed for wide dynamic range cameras. Pizim has raised more than $100 million in funding since 1999 according to sources which also speculate that the company had been struggling to keep up with the industry’s transition to megapixel cameras due to lack of funding.
That lack of funding could be a thing of the past now that the company has been acquired by Sony. Not only does Sony get to use Pixim’s technology but Pixim also gets to benefit from financial backing by Sony, which should only stand to increase the cash flow of both companies. It will be interesting to see how this partnership blossoms over the next couple of months and years.
Source: CEPro – Sony Acquires Surveillance Camera Chipset Maker Pixim