ATI Technologies announced it had closed acquisition of CuTe Solutions, an India-based designer of audio and digital media software and algorithms. The move is inline with ATI’s recently proclaimed strategy to make certain acquisitions in order to broaden the company’s portfolio in rapidly growing markets.
“With CuTe’s expertise in audio, our customers can look to ATI for the industry's best integrated multimedia solutions,” said Adrian Hartog, Senior Vice President and General Manager, Consumer Business Unit, ATI Technologies Inc.
CuTe Solutions is based in
CuTe's offices in
Earlier this year ATI Technologies and Terayon Communication Systems signed a definitive agreement for ATI to acquire Terayon’s cable modem silicon intellectual property and hire approximately twenty-five employees from Terayon's design team.
At the company’s annual shareholder meeting ATI’s CEO Dave Orton indicated plans to make certain acquisitions in consumer electronics area.