Synaptics Closes Acquisition of Validity SensorsNovember 11, 2013
Acquisition Propels Synaptics into Fast Growing Fingerprint ID Market and Extends Industry Leadership in Human Interface Solutions
SAN JOSE, Calif., Nov. 8, 2013 - Synaptics Inc. (NASDAQ: SYNA), a leader in human interface solutions, today announced it has completed its acquisition of Validity Sensors, Inc. ("Validity") on November 7, 2013. Expansion into the fingerprint identification market, with the acquisition of a world class Validity team that delivers industry-leading solutions, is an integral part of Synaptics' growth strategy as it immediately expands the depth and breadth of solutions available to its global partners.
As consumer demand for fingerprint ID integration into intuitive smart devices continues to grow, OEMs are looking to differentiate their products with the innovative solutions Synaptics' partners have come to expect. With the addition of Validity's secure, high-performance and cost-effective solutions to Synaptics' core family of industry-leading ClearPad® and TouchPad™ solutions, partners will have access to the industry's broadest portfolio of leading-edge human interface solutions for smartphones, tablets, and notebook PCs.
"We have received overwhelmingly positive customer feedback on the strength of the combined organizations and the opportunities that lie ahead for Synaptics," said Rick Bergman, Synaptics CEO and president. "As the leading human interface solution provider we are well positioned both, competitively and strategically, to exceed the needs of our global partners."
For more information on Synaptics' products and solutions please visit http://www.synaptics.com/.
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