Toronto’s ViXS bought by San Jose-based Pixelworks

Toronto-based ViXS Systems Inc, a market leader in media processing semiconductor solutions for video over IP, is being acquired by Pixelworks Inc, San Jose CA. The share-based acquisition, valued at US$17.7 million, was approved by ViXS shareholders July 27 and the firm has been de-listed from the Toronto Stock Exchange. The firm is credited with driving the transition to Ultra HD 4K across the entire content value chain with high efficiency chipsets that boost color and clarity of video content while using 50% less bandwidth than other chipsets. ViXS holds 470 patents issued and pending and has shipped 39 million media processors to date. It was founded in 2001 by Indra Laksono who serves as its chief technology officer.