July 9, 2014 | DSP solutions provider Ceva acquired French company RivieraWaves for $19 million. RivieraWaves is a privately-held company that creates solutions for wireless connectivity IP for WiFi and Bluetooth technologies. Ceva hopes that RivieraWaves will expand the company’s licensing and royalty revenue base tby improving the service of devices like smartphones, tablets and small cells. The acquisition will also allow Ceva to extend its domain into the sectors of wearable technology and Internet of Things devices in the home and car. According to ABI research, Ceva’s addressable market is set to reach 35 billion connected devices by 2020.
Ceva was founded in Israel but is headquartered in Mountain View, California with design centers in Israel, Ireland and sale and support offices in Europe, the United States and Asia.