Xperi

Last updated

Xperi Inc.
Formerly
  • Tessera Holding Corporation (1990–2017)
  • Xperi Holding Corporation (2017–2022)
Company type Public
Industry Technology, Pay television, Consumer electronics
Founded1990;34 years ago (1990)
Headquarters
San Jose, California
,
U.S.
Area served
Worldwide
Key people
  • Dave Habiger (Chairman)
  • Jon Kirchner (CEO)
Brands
RevenueIncrease2.svg US$521 million (2023)
Decrease2.svgUS$−749 million (2022)
Decrease2.svgUS$−757 million (2022)
Total assets Decrease2.svgUS$737 million (2022)
Total equity Decrease2.svgUS$463 million (2022)
Number of employees
c. 2,100 (2022)
Website xperi.com
Footnotes /references
[1]

Xperi Inc. is an American multinational technology company headquartered in San Jose, California, that develops software for consumer electronics and connected cars, as well as media platforms for video service over broadband. The company is organized into four business units: Pay-TV, Consumer Electronics, Connected Car, and Media Platform. Xperi's brands include DTS, HD Radio, and TiVo.

Contents

Xperi Inc. was formerly part of Xperi Holding Corporation, [2] which was itself the result of significant M&A over many years, including publicly traded firms such as DTS, Inc. and TiVo Corporation.

History

Xperi Holding Corporation traces its roots to Tessera, Inc., which was founded in 1990 and renamed Tessera Technologies, Inc. prior to its initial public offering in 2003. [3] Tessera developed chip-scale packaging technologies that were broadly licensed in the semiconductor industry.

In 2008, Tessera acquired FotoNation, [4] which specialized in image enhancement and analysis, and in 2016 Tessera acquired DTS, Inc., an audio technologies company. DTS had previously acquired iBiquity Digital Corporation in 2015, [5] which developed the North American digital audio broadcast standard known as HD Radio.

At the completion of the acquisition of DTS in December 2016, Tessera Technologies, Inc. became Tessera Holding Corporation, [6] [7] and two months later began operating under the new corporate name Xperi Corporation. [8] [9]

On December 19, 2019, Xperi Corporation and TiVo Corporation announced their intent to merge. [10] [11] The merger was completed on June 1, 2020. [12] The combined entity operated under the name Xperi Holding Corporation, and became one of the largest intellectual property (IP) and product licensing companies in the world. [11] On October 1, 2022, the product business of Xperi Holding Corporation was separated from the IP licensing business and spun-off as a stand-alone public company named Xperi Inc., trading on the New York Stock Exchange under the ticker symbol XPER. [13]   At the same time, the remaining IP licensing business changed its name to Adeia Inc. and began trading on the Nasdaq Stock Market under the ticker symbol ADEA. [14]

Events

Products

Products within Xperi's four business units are as follows:

Pay-TV

Consumer Electronics

Connected Car

Media Platform

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References

  1. ↑ "Xperi Inc. 2022 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. March 6, 2023.
  2. ↑ "Inline XBRL Viewer". sec.gov. Retrieved August 25, 2023.
  3. 1 2 "Form S-1". sec.gov. Retrieved August 25, 2023.
  4. 1 2 "Tessera Completes Acquisition of FotoNation – Bloomberg". Bloomberg News . April 2, 2015. Archived from the original on April 2, 2015. Retrieved August 25, 2023.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  5. ↑ "DTS Acquires iBiquity Digital | Mergr M&A Deal Summary". mergr.com. Retrieved August 25, 2023.
  6. ↑ "8-K". sec.gov. Retrieved August 25, 2023.
  7. 1 2 "Tessera Completes Acquisition of DTS". businesswire.com. December 1, 2016. Retrieved August 25, 2023.
  8. ↑ "Form 8-K". sec.gov. Retrieved August 25, 2023.
  9. 1 2 "Tessera Holding Corporation Announces Name Change to Xperi Corporation". businesswire.com. February 22, 2017. Retrieved August 25, 2023.
  10. ↑ Spangler, Todd (December 19, 2019). "TiVo to Merge With Entertainment-Tech Firm Xperi in $3 Billion Deal". Variety. Retrieved August 25, 2023.
  11. 1 2 Gartenberg, Chaim (December 19, 2019). "TiVo to merge with Xperi to create 'one of the largest licensing companies in the world'". The Verge. Retrieved August 25, 2023.
  12. 1 2 "Xperi and TiVo Complete Merger". businesswire.com. June 1, 2020. Retrieved August 25, 2023.
  13. 1 2 "Xperi Inc. Completes its Spin-Off to Become an Independent Public Company". Yahoo Finance. October 10, 2022. Retrieved August 25, 2023.
  14. 1 2 "On October 3, Xperi Inc. to Ring NYSE Opening Bell; Adeia Inc. to Ring Nasdaq Closing Bell – IPO Edge" . Retrieved August 25, 2023.
  15. ↑ "TiVo Corporation Agrees to Acquire MobiTV Assets From Chapter 11 Bankruptcy". businesswire.com. May 12, 2021. Retrieved August 25, 2023.
  16. ↑ "Xperi Acquires Vewd Software". businesswire.com. July 5, 2022. Retrieved August 25, 2023.
  17. ↑ "Foxtel Selects TiVo's Personalized Content Discovery, Conversation Service to Power Voice Search". businesswire.com. October 22, 2020. Retrieved October 2, 2023.
  18. ↑ "TiVo's IPTV platform expands into EMEA". Broadband TV News. August 25, 2023. Retrieved October 2, 2023.
  19. ↑ Perez, Sarah (October 15, 2019). "TiVo's ad-supported streaming service, TiVo Plus, launches today". TechCrunch. Retrieved October 2, 2023.
  20. ↑ updated, Joe Cox last (July 15, 2021). "DTS:X: what is it? How can you get it?". What Hi-Fi? Sound and Vision. Retrieved October 2, 2023.
  21. ↑ Schiffer, Alex (January 2, 2023). "What Is DTS Headphones X And How Do I Use It? - Major HiFi". majorhifi.com. Retrieved October 2, 2023.
  22. ↑ "What is IMAX Enhanced? What you need to know about the home cinema format". Trusted Reviews. April 20, 2022. Retrieved October 2, 2023.
  23. ↑ Roberts, Becky; published, Adam Smith (February 2, 2021). "DTS Play-Fi: what is it? What speakers and devices support it?". What Hi-Fi? Sound and Vision. Retrieved October 2, 2023.
  24. ↑ Sakurai, Jason R. (February 9, 2021). "Xperi's DTS AutoStage is the Next Big Thing in Infotainment". thetruthaboutcars.com. Retrieved October 2, 2023.
  25. ↑ Peters, Jay (October 22, 2022). "TiVo is making its case as a smart TV platform". The Verge. Retrieved October 2, 2023.
  26. ↑ Krzaczek, Katie (March 7, 2018). "TiVo Music Metadata to Provide Select Artist Photos on Google's Music Services". Billboard. Retrieved October 2, 2023.
  27. ↑ Munson, Ben (November 4, 2020). "TiVo's Deep Discovery tool gets moody with metadata". StreamTV Insider. Retrieved October 2, 2023.
  28. ↑ Schonfeld, Erick (December 16, 2010). "Fanhattan Promises Better Internet TV Through The Power Of Data (TCTV)". TechCrunch. Retrieved January 4, 2024.
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