Press release
CEVA Acquires Spatial Audio Business from VisiSonics to Expand its Application Software Portfolio for Embedded Systems targeting Hearables and other Consumer IoT Markets
Acquisition of RealSpace® enables CEVA to offer a complete spatial audio solution to OEMs targeting high volume markets including TWS, OTC hearables, gaming
About this update from Ceva, Inc.
[{"type":"text","content":"Acquisition of RealSpace® enables CEVA to offer a complete spatial audio solution to OEMs targeting high volume markets including TWS, OTC hearables, gaming headphones, AR/VR, audio conferencing, automotive and media entertainment\nROCKVILLE, Md., May 10, 2023 /PRNewswire/ -- CEVA, Inc. (NASDAQ: CEVA), the leading licensor of wireless connectivity and smart sensing technologies and custom SoC solutions, today announced the acquisition of the RealSpace® 3D Spatial Audio business, technology and patents from VisiSonics Corporation. Based in Maryland, close to CEVA's sensor fusion R&D development center, the VisiSonics spatial audio R&D team and software extend the Company's application software portfolio for embedded systems, bolstering CEVA's strong market position in hearables, where spatial audio is fast becoming a must-have feature.\nSpatial audio will also drive innovation in many other end markets, including gaming, AR/VR, audio conferencing, healthcare, automotive and media entertainment, all which CEVA can further address following this acquisition. Future Market Insights estimates that the market for 3D audio will grow 4.1X from 2022 to 2032, reaching nearly $31.9 Billion in 2032.\nAmir Panush, CEO of CEVA, commented: \"The acquisition of the VisiSonics' spatial audio software and business builds on an already strong relationship and allows us to better serve OEMs who wish to enhance the audio experience of their products with a best-in-class immersive spatial audio solution with such world-class providers as THX Ltd. The software is market-proven with industry leaders in gaming and hearables and presents us with an opportunity to expand our customer base by delivering on the true potential of this technology, including entry into the burgeoning consumer IoT and automotive markets.\"\nRealSpace spatial audio rendering software provides the most accurate digital simulation of real-life, immersive sound in the industry. Its proprietary algorithms create a realistic aural experience through as little as two-channel stereo audio while supporting full multi-channel and ambisonics. With dynamic head tracking enabled, the RealSpace user experience is even more immersive, as the sound sources are held stationary while the users head is moving, simulating listening experiences in the real world. This allows the user to experience ...