Num, num, num... SMSC hearts STS (and Kleer)

SMSC builds upon their wireless audio team by acquiring STS. SMSC paid upwards of $25 million for $15 million in 2011 revenues.  Add to that what they paid for Kleer earlier this year, about $7.5 million, and you have about a $30 million dollar investment in a wireless audio baseband team, and an impressive client list... Creative, Sony, Samsung, etc... if only a modest revenue pipeline.

I of course can't argue with SMSC's interest in the wireless audio category. Just some wild ass guessing on my part, but their DTV/Blu-ray/STB line no doubt has led them in accounts to bump into STS architecturally over the past few years. Kleer's technology can also yield some nice applications sitting alongside SMSC's USB offerings that find their way into many a notebook/netbook, I suppose.

An innovative portfolio offering for advanced features will perhaps create a halo effect in the form of design win opportunities for the rest of SMSC's line throughout the audio category helping them realize the "synergies" of these deals.

SMSC Announces Acquisition of STS - MarketWatch.