Globes: Broadcom acquired Israeli image processing company SightIC Vista. The acquisition was reportedly for $10-20 million - below the threshold requiring notification.
SightIC president and CEO Noam Sorek, VP product management Ron Fridental, and VP R&D Dr. Ilia Vitsnudel founded the company in 2001. The three specialists in video and imaging processing had worked together for a decade before co-founding the company.
SightIC products include stand-alone video ISP and ISP IP blocks for licensing. Other than generic ISP pipeline, the company developed improved digital zooming and stills and video stabilization IP. SightIC has customers from among the world's top electronics manufacturers, including Samsung and LG. Relatively little was invested in the company by private investors, with no involvement by venture capital funds.