Date: 03/01/2009

Sigma Designs to acquire Zensys

Sigma Designs has announced that it has signed a definitive agreement to acquire Zensys Holdings Corporation, a wireless start-up company. Zensys develops single-chip RF solutions for use in emerging home automation and remote control markets.
The low-power integrated RF transceiver chips from Zensys are used in home audio/video entertainment, lighting and appliance control, energy management, access and security control, and building automation, among others.
Zensys is currently shipping over a million RF transceiver chips per year into a widening range of consumer devices.
Upon completion of the acquisition, Zensys' headquarters will be physically merged into the headquarters of Sigma Designs in the neighboring city of Milpitas. Zensys also has an R&D center located in Copenhagen, Denmark, housing all engineering and operations personnel, which will remain in place. The group currently employs 33 people, 23 of which are engineers.
Under the terms of the merger agreement, Sigma Designs will make undisclosed cash payment
for the acquisition of Zensys. The acquisition is subject to various standard closing conditions and
is expected to close by the end of December.