Alden Advisors is pleased to announce the acquisition of its Bangalore, India-based client, Steradian Semiconductors, by Renesas Electronics Corporation (OTCMKTS: RNECY). Steradian is a leading innovator in integrated 4D imaging radar for driver assistance and industrial IoT markets. Its turnkey image-sensing hardware and software solutions offer the most advanced radar front-end integrated circuits with the highest performance over evolving millimeter frequency bands. Their solutions enable sharper images for autonomous vehicles and industrial imaging applications. Renesas is acquiring the team’s expertise and leveraging the company’s head start in high-speed, high-accuracy, multi-dimensional computer vision systems.
With deep industry and technical knowledge of computer vision, ADAS (Advanced Driver Assistance Systems), and semiconductor ecosystems, Alden Advisors crafted a value-maximizing acquisition thesis for Steradian across Automotive and Industrial IoT markets. Alden Advisors helped articulate Steradian’s 4D radar leadership by demonstrating the value of their unique technology, team expertise, and the breadth of their patent portfolio. Our operational deal makers, bolstered with deep technology experience, communicated Steradian’s intrinsic value to Renesas in a manner that most aligned with their interests.
Steradian Semiconductors, based in Bangalore, India, is the pioneer in vertically integrated 4D imaging radars. Steradian develops all key components for these systems, including RF and antennas, mixed-signal radar transceivers, FPGA/ASIC processors, signal processing algorithms, and software. Steradian includes a technical team of experts in radar sensor systems, IC design, and software engineering. For more information, visit www.steradiansemi.com.
Alden Advisors is an investment banking firm focusing on mergers and acquisitions and maximizes the value of a Company’s Core IP Experience. Using its unique IP VAMP™ Transactions, we strive to articulate the intrinsic value of a Company’s market offering as well as its formal and informal IP. For more information about Alden Advisors or the benefits of its unique processes, please visit us at www.AldenAdvisors.com.
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