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SanDisk announces support acquisition of Divio

Dennis Hissink : 2003-08-18 20:09:01
SanDisk announced today that it plans to support ESS Technology's acquisition of Divio, Inc. SanDisk made a $7.2 million strategic investment in Divio, a privately held company based in Sunnyvale, and held a seat on Divio's Board of Directors. The acquisition by ESS Technology, a leading supplier of silicon solutions for digital video and audio consumer electronics, was announced earlier today. Eli Harari, president and CEO of SanDisk, said, "We are very pleased with the acquisition of Divio by ESS Technology. We believe Divio's engineering team has developed a top notch IC technology for low cost, highly efficient compression using their advanced MPEG-4 compression algorithms."

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