January 15, 2014 -- Exar Corporation (NYSE: EXAR) , a leading provider of high-performance analog mixed-signal and data management solutions, today announced the acquisition of Stretch, Inc., a software configurable processor provider, to support its video surveillance market. The transaction has ended today, which will provide Exar with technology for end-to-end high-resolution solutions for digital and analog data transmission from cameras to DVRs or NVRs.
“Stretch has imported important “blood†for Exar. First of all, the excellent company team, they are from the world-class company, the best training. Secondly, Stretch S6000 series and S7000 series products bring complex and high value to Exar integration. Discrete components and a unique platform to increase time-to-market for customers.†Exar Chairman and CEO Louis DiNardo commented. "More importantly, Stretch software configurable processor support requires up to 1000 meters of uncompressed HD video transmission on the transmitter and receiver without the need for expensive repeaters, and with Exar high-performance analog products, we are being Repositioning to provide the best solution for many camera, transmission and recording technologies in the fast-growing surveillance market!†Mr. DiNardo concludes.
Mr. Craig Lytle, Chairman and CEO of Stretch, will serve as Senior Vice President of System Products and report directly to Mr. DiNardo. Mr. Lytle commented: "Stretch has been at the forefront of the video surveillance market and we are very happy and committed to promoting the Exar business. We have industry-leading customers who have been faithful to our products for years. Exar and Stretch technology, plus Exar Financial strength and sales network are a strong combination."
About Exar
Exar designs, develops and markets high-performance analog mixed-signal ICs and advanced subsystem solutions for the networking and storage, industrial and embedded systems, and communications architecture markets. Exar products cover power management and connectivity components, communications products, network security, and storage optimization solutions. Exar's offices are located around the world, ensuring real-time customer support.
About Stretch
Stretch Ltd. is the world's leading provider of software configurable software, the first to embed programmable logic in processors. Using familiar C/C++ programming tools, system developers can automatically configure Stretch off-the-shelf processors for superior performance, simplicity and rapid development, significant cost savings and flexibility to address different markets and respond to changing application needs. Stretch products are used in global video processing, machine vision and wireless applications.
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