Menu

SMART HOME FEATURE NEWS

Synaptics to Acquire DisplayLink Accelerate IoT Diversification

By Ken Briodagh July 29, 2020

In a recent release, Synaptics announced the signing of a definitive agreement to acquire DisplayLink, a provider of high-performance video compression technology, for $305 million in an all-cash transaction. The deal reportedly is expected to close in Synaptics’ first quarter of fiscal year 2021, subject to customary closing conditions, and be financed from existing cash on hand. Synaptics expects the transaction to add approximately $94 million in annualized sales and be immediately accretive to non-GAAP gross margins, non-GAAP operating margins, and non-GAAP earnings post-close.

DisplayLink’s high performance software compression technology is designed to enable universal docking and casting of high bandwidth video from any device to any display using any transport medium like USB, Ethernet or Wi-Fi. For the Enterprise IT market, the solution supports multi-OS environments including Windows, MacOS, ChromeOS and Ubuntu Linux enabling a myriad of devices to dock to multiple high resolution (4K, 8K) displays.

“Several market trends such as work from home (WFH), bring your own device (BYOD) and office hoteling coupled with the growing need for multiple, high resolution displays in enterprises are driving demand for universal docking and casting solutions,” said Michael Hurlston, President and CEO, Synaptics. “DisplayLink’s track record of success and strong market validation coupled with Synaptics’ leadership in commercial docking solutions positions us well to capitalize on these trends and deliver compelling solutions to our combined customer base.”

The DisplayLink acquisition, in addition to the recently announced acquisition of Broadcom’s wireless IoT connectivity portfolio, further accelerates Synaptics’ long-term IoT diversification strategy.

“Synaptics is a recognized leader in video interface solutions and this combination creates an exciting opportunity for DisplayLink to bring greater value to our customers,” said Graham O’Keeffe, CEO, DisplayLink. “Our video compression technology is the perfect complement to Synaptics’ current product portfolio, and the combination of our world-class engineering teams will be able to address both existing opportunities and exciting new use cases.”


Ken Briodagh is a storyteller, writer and editor with about two decades of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

SHARE THIS ARTICLE
Related Articles

Z-Wave Alliance Announces New Long Range Specification

By: Ken Briodagh    9/22/2020

Z-Wave Long Range offers 4x wireless range, 10x node scalability for larger network support, 10-year coin cell battery life, and maintains Z-Wave back…

Read More

Home Construction Just Got Smarter

By: Megan Ray Nichols    9/16/2020

The smart home revolution has been in full force for a while now. Although homeowners have fully embraced data and IoT technologies, many builders hav…

Read More

IoT Time Podcast S.5 Ep.33 PointCentral

By: Ken Briodagh    9/10/2020

In this episode of IoT Time Podcast, Ken Briodagh sits down with Sean Miller of PointCentral, to talk about how smart rentals are transforming the pro…

Read More

Black Box Launches Connected Buildings Solution

By: Ken Briodagh    9/8/2020

Black Box recently introduced its Connected Buildings product, which the company described as a suite of solutions and services to enable digital expe…

Read More

Smart Cities and Their Digital Assets

By: Special Guest    9/4/2020

Smart city is a popular construction concept in recent years, yet regrettably the concept now focuses more on the technical construction of various in…

Read More