Vimicro acquisition of Shanghai Bell monitoring services

28 August morning news and vimicro (Nasdaq: VIMC) 's Star Electronics AG, announced the acquisition of 28 may Shanghai Bell monitoring services.

The industry believes that this acquisition makes China security industry with a complete independent intellectual property rights system.

Vimicro acquisition of Shanghai Bell monitoring services

28 August morning, vimicro subsidiary engaged in joint development of monitoring chip in Star electronic AG and Shanghai Bell (Bell, hereinafter referred to as Shanghai Alcatel-Lucent ASB) signed an agreement in Beijing, Star Electronics will acquire Shanghai Bell ViSS monitor business in China and all of the assets, plant, equipment, inventory, contracts, intellectual property and services, and development capabilities.

In the future, Star Electronics and Shanghai Bell in monitoring products and the market will continue to maintain cooperation.

Financial details of this acquisition were not announced.

Shanghai Bell of ViSS video intelligent monitoring system is used for broadband network on cross-domain, cross-industry a comprehensive solution that has been successfully serving dozens of operators and industrial customers with mature customer base and sales channels, the market has a high market share.

It leverages broadband network will be dispersed, independent image collection point for networking, and cross-regional, the whole network-wide unified control, unified storage, unified management, resource sharing, it is suitable on city roads, airports, shopping malls, banks, schools, and so on monitoring requirements relatively high concentration of security monitoring.

Vimicro in multimedia chip area, such as computer camera, mobile phone audio and video chips, employs a high market share, its business scope is extended to the field of security monitoring.

China security industry with a complete independent technology system

Before the acquisition, vimicro has entered a security area, but mainly in chip development.

Star Electronics is vimicro and joint venture set up in Tianjin development zone in the security monitoring chip development joint venture.

Vimicro Board Chairman and Chief Executive Officer, said Dr. Dengzhonghan "vimicro acquisitions Shanghai Bell of ViSS monitor business for our expansion into China's security industry with landmark significance.

This merger makes China security industry since then has a complete independent intellectual property rights system. ”

This acquisition makes vimicro monitoring business areas from chip, to provide a complete solution.

Shanghai Bell, Senior Vice President Liu Jun said that Shanghai Bell and telecom operators with long-term cooperation, and has extensive experience in the communications network, Star Electronics in video technology and enterprise market advantages, both sides have begun in 2007, will continue to maintain cooperation to better provide services to customers.

As China's "safe city" building, and many industries to have a large digital monitoring needs.

The industry believes that providing complete independent intellectual property monitoring solutions for China's information security is of paramount importance. The Ministry of science and Technology Committee, Ministry of industry and information technology Division, Ministry of industry and information related to the electronic information Secretary attended the signing ceremony.