PRESS RELEASE

DEFTA SOLD OPLUS TO INTEL!!

Oplus Technologies, a DEFTA Partners portfolio company, has signed an agreement to be acquired by Intel on February 24, 2005.

DEFTA Partners made its first investment in Oplus in May 2000 as a lead investor. Mr. George Hara of DEFTA has since served as Oplus' founding chairman until July 2003.

PRESS RELEASE

Associated Press
Intel Announces Intent to Acquire Oplus Technologies, Inc.

Intel Corp., whose microchips power most of the world's computers, on Thursday took another step toward beefing up its consumer electronics ambitions by announcing it will acquire an Israeli chip maker that specializes in processors for flat panel and plasma screens.

The acquisition of privately held Oplus Technologies Inc. will provide Intel technology to develop and market integrated circuits and software for digital displays used in everything from computer monitors to home entertainment systems. Terms of the deal were not announced.

Intel has been pushing its digital home platforms initiative in which consumers' digital set-top-boxes, media recorders, and televisions would all be networked together. The acquisition of Oplus would give Intel more capability in building chips to power advanced video processing for digital television and displays.

Yokneam, Israel-based Oplus sells three lines of video processors aimed at digital televisions currently on the market. The company, which has 100 employees, will continue to sell products under its own name.

Other Press Releases
Reuters: Intel Buys Israeli Firm to Push Into Living Room
Associated Press: Intel to Acquire Israel's Oplus
Cnet.com: Intel digs deeper into TV market
Wall Street Journal Online: Intel to Acquire Oplus
EETimes: Intel buys into consumer sector with Oplus acquisition
Bloomberg: Intel acquires Oplus
Globes Online: Intel buys Oplus for $100million
Red Herring: Intel TV;giant chipmaker buys Oplus to help carve out a larger slice of the consumer electronics market.
Jerusalem Post: Intel buys Oplus for $100million

DEFTA Partners is a global venture capital firm that focuses on investing in information technology start-ups and helps its investment portfolio companies in forming strategic alliances with major IT companies in the three major markets of the US, Europe and Japan. www.deftapartners.com

 

Home | About Us | Our Team | Portfolio Companies | News | Site Map | Contact Us

111 Pine Street, Suite 1410, San Francisco, CA 94111-5619
Tel: (415) 433-2262 Fax: (415) 433-2264