Welcome!

News Feed Item

Audience to Acquire Sensor Platforms

Acquisition Combines Technical Expertise in Silicon, Software and Algorithms to Deliver Enhanced Multisensory Processing, Targeting a Wide Range of Mobile and Wearable Devices

MOUNTAIN VIEW, CA -- (Marketwired) -- 06/24/14 -- Audience, Inc. (NASDAQ: ADNC), the leader in advanced voice and audio processing, today announced that it has signed a definitive agreement to acquire Sensor Platforms, subject to customary closing conditions, for consideration consisting of $41 million of cash. Sensor Platforms develops software and algorithms that interpret sensor data to enable broad context awareness on smartphones, wearables and other consumer devices. Audience believes the combination of Sensor Platforms' technology with its industry leading Advanced Voice and Multisensory Processing places the combined company in a unique position to deliver compelling solutions based on the fusion of voice and motion. Joining these technologies will help transform the way consumers engage with devices, by enabling seamless natural user experiences, always-on sensor fusion, and context-aware services.

Peter Santos, president and CEO of Audience stated: "Audience is a user experience company, and we believe that multisensory user interface and context awareness will bring fresh differentiation and end-user value to the market for smartphones, wearables and other mobile devices. Sensor Platforms has developed key technologies and software infrastructure in this space, and the combination of our engineering teams will enable us to rapidly scale our capabilities in context awareness-based user interface. I am delighted to welcome the Sensor Platforms team to Audience."

The delivery of a truly natural user experience requires a hardware and software platform that seamlessly and intelligently fuses multiple sensory inputs in an ultra-low power platform. Audience has pioneered voice and audio processing, and the acquisition of Sensor Platforms adds motion processing software to the combined company's technology offering. Audience expects to deliver new levels of user experience through the optimization of audio through motion and vice versa.

Closing is subject to customary conditions and is expected to be completed after June 30, 2014. Audience anticipates that it will update its expectations for future financial results that incorporate Sensor Platforms after the closing of the acquisition. Audience has scheduled a conference call to discuss the proposed acquisition tomorrow, Wednesday, June 25, 2014, at 6:00 a.m. PT / 9:00 a.m. ET. Participating in the call will be Peter Santos, president and chief executive officer, and Kevin Palatnik, chief financial officer. Prepared remarks will be followed by a question and answer session.

Conference Call Information:
When: June 25, 2014, 6:00 a.m. PT
Dial-in: 1-877-212-6076 or 1-707-287-9331
Passcode: 65845383
Webcast: http://investor.audience.com/events.cfm

About Sensor Platforms
Sensor Platforms, Inc. develops algorithms and software enabling consumer applications to better understand user contexts and intent. The FreeMotion™ library from Sensor Platforms is the result of collaboration among experts in activity analytics, pedestrian navigation, motion, sensor fusion, and low-power system architectures. Sensor Platforms announced in April 2014 a major step forward in the proliferation of motion use in the Android environment, with the release of the Open Sensor Platform, the first open source software to enable implementation of sensor hubs in Android devices.

About Audience
Audience is the leader in advanced voice and audio processing for mobile devices. Its technologies, based in auditory neuroscience, improve the mobile voice experience, as well as enhance speech-based services and audio quality for multimedia. In early 2014, the Company announced its expansion into multisensory and motion processing. Through the combination of Advanced Voice and Multisensory Processing, Audience aims to transform the way consumers engage with devices by enabling seamless natural user experiences and context-aware services. The Company's products have been shipped in more than 400 million devices worldwide. For more information, see www.audience.com.

For more information on Audience® processors and smart codecs, please go here.

Cautionary Note Concerning Forward-Looking Statements

Statements in the press release, including the combined company's products and statements regarding the completion of the transaction, and certain matters to be discussed on the conference call referenced here which are not historical facts, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terms such as believe, expect, may, will, provide, could and should and the negative of these terms or other similar expressions. Our actual results could differ materially from those we anticipate as a result of various factors, including: our success in completing the proposed acquisition of Sensor Platforms, our success in integrating and retaining the Sensor Platforms' personnel, our success in developing products with technology from Sensor Platforms and Audience's existing technology platform, customer and end user demand for multisensory processing and contextual awareness, and competition. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

ADNC-F

For more information, contact:

Media and Industry Analysts
Diane Vanasse
Audience, Inc.
408-242-0027
Email Contact

Investors
The Blueshirt Group
Suzanne Schmidt
415-217-4962
Email Contact

Melanie Solomon
415-217-4964
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at 18th Cloud Expo, Charles Kendrick, CTO & Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and devel...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...