Welcome!

News Feed Item

Silicon Image Completes Acquisition of UpdateLogic, Inc.

Silicon Image® (NASDAQ:SIMG), a leading provider of multimedia connectivity solutions and services, today announced that it has completed the acquisition of privately held UpdateLogic®, Inc., a leading provider of Device Management Services (DMS) for Internet-connected consumer products such as Smart TVs, Blu-ray Disc™ players and set-top boxes that feature Over-the-top (OTT) streaming media content and services.

The acquisition of UpdateLogic expands Silicon Image’s connectivity technology portfolio from ICs and IP into software and services. UpdateLogic’s secure Internet Protocol-based connectivity and device management services include Digital Rights Management key provisioning, software management and remote support solutions for Internet-connected devices.

“This acquisition is well aligned with our vision of seamlessly connecting consumers to their devices,” said Camillo Martino, chief executive officer of Silicon Image, Inc. “The addition of UpdateLogic to our portfolio will expand our business model to include recurring revenue streams from software services.”

“UpdateLogic’s device management solutions are a great fit for Silicon Image’s customers who represent the world’s leading consumer electronics and mobile device manufacturers,” said Kurt Thielen, chief executive officer of UpdateLogic, Inc. “The ability to effectively control, maintain and support their products in the field is a key component in a manufacturer’s ability to provide excellent customer service.”

UpdateLogic offers a complete device management system for supporting and optimizing consumer electronic and mobile devices. Its comprehensive suite of services, offered under the NetReady™ brand name, enables Internet-connected devices to be provisioned, updated, supported, managed and controlled remotely. This provides manufacturers more precision in their software distribution process and improved remote customer support options, leading to cost savings related to product returns and on-site customer support.

“Sharp would like to congratulate Silicon Image on the acquisition of UpdateLogic. Silicon Image’s leadership in the creation of global standards gives us confidence that this acquisition will strengthen and improve its device management service,” said Fujikazu Nakayama, senior executive managing officer, chief officer of the products business group at Sharp Corporation. “We look forward to the future advancement of Silicon Image using the newly acquired device management platform.”

UpdateLogic will function as a wholly-owned subsidiary of Silicon Image and will continue to operate under its existing name.

The acquisition will not have a material impact on Silicon Image’s reported results for 2014.

About UpdateLogic, Inc.

UpdateLogic® is the leader in device management solutions for Internet-enabled devices. UpdateLogic’s NetReady™ service platform enables device manufacturers and service providers to offer a superior customer experience through its secure and robust device management system. OEMs and third party service providers can offer their customers a satisfying, virtual hands-on support experience for NetReady-enabled devices such as mobile phones, tablets, TVs, set-top boxes, Blu-ray players, gaming consoles and the growing ecosystem of “Smart” devices and appliances. NetReady’s comprehensive services include DRM key provisioning, software and firmware updates, remote support and device data retrieval and analytics. UpdateLogic services are used by many leading CE manufacturers and its embedded software is integrated into the software platforms of most consumer electronics System-on-Chip (SoC) platforms. For more information, visit http://www.updatelogic.com/.

About Silicon Image, Inc.

Silicon Image (NASDAQ: SIMG) is a leading provider of multimedia connectivity solutions and services for mobile, consumer electronics and PC applications. Silicon Image’s semiconductor and intellectual property products feature wireless and wired technologies that deliver connectivity across a wide array of devices in the home, office and on the go. Silicon Image has driven the creation of the industry standards HDMI®, DVI™, MHL® and WirelessHD®, and offers manufacturers comprehensive standards interoperability and compliance testing services via its wholly-owned subsidiary, Simplay Labs. For more information, visit http://www.siliconimage.com/.

Forward-looking Statements

This news release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including but not limited to, statements regarding the expected benefits to our customers, and the company’s plans following the closing of the acquisition. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements, including, but not limited to, the ability of Silicon Image to successfully integrate UpdateLogic’s operations, the ability to realize anticipated synergies and cost savings of the proposed acquisition, and such other risks as identified in Silicon Image’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, and Silicon Image’s most recent Quarterly Reports on Form 10-Q, each as filed with the SEC, which contain and identify important factors that could cause the actual results to differ materially from those contained in the forward-looking statements. Silicon Image assumes no obligation to update any forward-looking statement contained in the press release.

Silicon Image and the Silicon Image logo are trademarks, registered trademarks or service marks of Silicon Image, Inc. in the United States and/or other countries. All other trademarks and registered trademarks are the property of their respective owners in the United States and/or other countries.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
Docker containers have brought great opportunities to shorten the deployment process through continuous integration and the delivery of applications and microservices. This applies equally to enterprise data centers as well as the cloud. In his session at 20th Cloud Expo, Jari Kolehmainen, founder and CTO of Kontena, discussed solutions and benefits of a deeply integrated deployment pipeline using technologies such as container management platforms, Docker containers, and the drone.io Cl tool. H...
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, presented an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He then expounded on the industry issues he frequently came up against as an analyst, and ...
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
As more and more companies are making the shift from on-premises to public cloud, the standard approach to DevOps is evolving. From encryption, compliance and regulations like GDPR, security in the cloud has become a hot topic. Many DevOps-focused companies have hired dedicated staff to fulfill these requirements, often creating further siloes, complexity and cost. This session aims to highlight existing DevOps cultural approaches, tooling and how security can be wrapped in every facet of the bu...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...