APTX merger will open up the 'mainstream market'
Belfast technology firm, APTX, has been taken over by wireless audio company, CSR plc in a move which has been welcomed as a very positive step that will "expand the market to more mainstream consumers".
The acquisition follows a successful three-year collaboration, which saw APTX's professional quality audio compression brought to consumers on CSR's wireless audio platforms.
APTX was started up two decades ago as a spinout from Queen's University Belfast.
All 17 of APTX's highly qualified, full-time staff will become an integral part of CSR's audio platform team, and CSR plans to retain the APTX product brand.
CSR's chief executive, Joep van Beurden said: "In acquiring APTX, CSR is buying one of the industry's strongest audio IP portfolios and a 20 year heritage in audio expertise.
"The closer integration of APTX's IP with our own technologies will expand the market for its technology to more mainstream consumers and enable us to realise benefits that neither party could achieve independently."
Noel McKenna, APTX chief executive, said: "We're delighted to be joining CSR."