Monday, November 20, 2006

LSI Logic Acquires Metta Technology from India

LSI Logic has acquired Metta Technology, a developer of multimedia system-on-chip technology and related software for consumer electronics products, for approximately $7 million in cash. Metta Technology is based in Pune, India and has approximately 60 employees.

"Through the acquisition of Metta Technology, we are increasing our focus on delivering the advanced, feature-rich solutions required by next generation digital video and edutainment products," said Umesh Padval, executive vice president, Consumer Products Group, LSI Logic. "