Dolby Laboratories is broadening its technology portfolio for emerging low-bandwidth media applications with the acquisition of Coding Technologies AB, a privately held provider of audio compression technologies for the mobile, digital broadcast, and Internet markets, the companies announced.
"By adding Coding Technologies' expertise and high-efficiency audio compression to our portfolio of technologies and services, we will be better positioned to support our customers as they continue to move into more bandwidth-constrained delivery methods such as mobile networks and the Internet," said Dolby President and CEO Bill Jasper. "In addition to extending our portfolio of solutions, we are adding the talent and know-how of Coding Technologies' employees. We share a passion for technology and entertainment and a focus on innovation."
The deal, yet to close at press time, will cost Dolby about $250 million.
