Synaptics Closes Acquisition of Validity Sensors Acquisition Propels Synaptics into Fast Growing Fingerprint ID Market and Extends Industry Leadership in Human Interface Solutions
SAN JOSE, Calif., Nov. 8, 2013 /PRNewswire/ -- 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 www.synaptics.com.
As a leading developer of human interface solutions which enhance the user experience, Synaptics provides the broadest solutions portfolio in the industry. The ClearPad family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones, tablets and notebook PCs. The TouchPad family, including ClickPad™ and ForcePad®, is integrated into the majority of today's notebook PCs. Synaptics LiveFlex® fingerprint sensor technology enables authentication, mobile payments, and touch-based navigation for smartphones, tablets, and notebook PCS. Synaptics' wide portfolio also includes ThinTouch® supporting thin and light keyboard solutions, as well as key technologies for next generation touch-enabled video and display applications. (NASDAQ: SYNA) www.synaptics.com
This press release contains "forward-looking" statements about Synaptics, as that term is defined under the federal securities laws. Synaptics intends such forward-looking statements to be subject to the safe harbor created by those laws. Such forward-looking statements include, but are not limited to, statements regarding Synaptics' expectations of the depth and breadth of its solutions; Synaptics' expectations regarding the demand for fingerprint ID integration; OEMs' desire to differentiate their products with Synaptics' solutions; Synaptics' belief that its solutions will provide its partners with access to the industry's broadest portfolio of leading-edge human interface solutions for smartphones, tablets, and notebook PCs; and Synaptics' belief that it is well positioned both competitively and strategically to exceed the needs of its global partners. Synaptics cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to, (a) demand for Synaptics' and Validity's products, (b) market demand for OEMs' products using Synaptics' or Validity's solutions, (c) changing market demand trends in the markets Synaptics or Validity serves, (d) the success of Synaptics' and Validity's customers' products that utilize Synaptics' or Validity's product solutions, (e) the development and launch cycles of Synaptics' and Validity's customers' products, (f) market pressures on selling prices, (g) the market acceptance of Synaptics' and Validity's product solutions compared with competitors' solutions, (h) general economic conditions, including consumer confidence and demand, and (i) other risks as identified from time to time in Synaptics' SEC reports, including Quarterly Reports on Form 10-Q and the Annual Report on Form 10-K for the fiscal year ended June 30, 2013. All forward-looking statements are based on information available to Synaptics on the date hereof, and Synaptics assumes no obligation to update such statements.
Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.
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SOURCE Synaptics Inc.