Telecom

Vimicro acquires Alcatel-Lucent Shanghai Bell’s ViSS business

By Team Diginews4u ⋅ August 31, 2009 ⋅  Email This Post ⋅ Post a comment

Vimicro, a multimedia semiconductor and solution provider, has announced that Vimicro Tianjin, a joint venture company operated and managed by Vimicro, entered into a definitive agreement to acquire Video Surveillance System (ViSS) from Alcatel-Lucent Shanghai Bell (ASB).

Vimicro Tianjin will acquire the complete ViSS business including all property, plant and equipment, inventories, business contracts, intellectual property and service and development capabilities in China. Moreover, Vimicro and ASB will continue the cooperation on solution and marketing developments in the future.

ViSS is a security and surveillance solution addressing the needs of telecom operators and local governments in China.

The acquisition is expected to be closed in September this year.

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Tags: Acquisition, Chips, Hardware, Marketing