Imagination Technologies to snap up 3D company Caustic

 
Steve Dinneen
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IMAGINATION Technologies, the British firm behind video chips in Apple’s iPhone, will acquire 3D graphics group Caustic for £17m.

Imagination chief executive Hossein Yassaie said: “We have a proven track record of disrupting markets by bringing new and high-end technologies to consumer and embedded products.

“The acquisition will enable us to accelerate our plans to be the leading supplier of all forms of graphics technologies in all markets and to continue our mission of delivering the most advanced graphics technologies to mainstream markets.”

Caustic chief executive Chip Stearns said: “Our vision is to enable cinema quality computer graphics at new cost and power consumption design points. We will utilise their extensive resources and partnerships to bring our technology to every consumer screen.”