Yahoo: Tessera acquires FotoNation, a provider of embedded imaging solutions for DSC and camera-phones. Tessera will pay $29M in net cash with up to $10M of additional consideration, contingent upon certain milestones over one year.
FotoNation is a privately-owned, 80-person company based in Burlingame,CA. It develops solutions for red-eye correction, face tracking, smile and blink detection, as well as other solutions for enhancing digital image quality. FotoNation’s technology is claimed to be embedded in more than two out of three digital still cameras sold today.
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