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Ittiam expands with wide array of technologies

Hari Anil
Tuesday, March 1, 2011
Hari Anil
Ittiam Systems, a media processing and communication technology provider, while celebrating their 10th anniversary deployed a wide array of technologies in the vibrant smartphone, tablet market. In the financial year ending on March 31, 2011 close to six million high end smart phones and tablets embed with Ittiam’s multimedia technology for 720p high-definition video player and camcorder functions have been sold by its customers. They have also delivered high performance multimedia codecs, use case applications and system integration support to reduce their customer’s time-to-market.

“Our aim is to enable our OEM customers to build smart phones and tablets with the best-in-class movie player, camera and video conference features on par with individual gadgets designed for those functions,” said Srini Rajam, Chairman and Chief Executive Officer of Ittiam Systems. “We expect the end product units with our technologies to grow rapidly by 3X over the next three years with the addition of our leading edge multi-party video communication and advanced audio-video-imaging functions. We will focus on this high growth market along with our traditional focus on consumer and communication markets which have formed our foundation,” he added.

Founded in 2001, Bangalore based Ittiam has two strong venture capital investors, Global Technology Ventures (GTV) and Bank of America Merrill Lynch. Both these investors have cumulatively invested $13.5 million in the company.
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