Ambarella, Inc. acquired VisLab srl from Alberto Broggi, Massimo Bertozzi, Luca Bombini, Stefano Cattani, Pietro Cerri, Rean Fedriga, Mirko Felisa, Paolo Grisleri, Paolo Medici, Pier Paolo Porta, Paolo Zani and University of Parma for $30 million.
July 30, 2015
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Ambarella, Inc. (NasdaqGS:AMBA) acquired VisLab srl from Alberto Broggi, Massimo Bertozzi, Luca Bombini, Stefano Cattani, Pietro Cerri, Rean Fedriga, Mirko Felisa, Paolo Grisleri, Paolo Medici, Pier Paolo Porta, Paolo Zani and University of Parma (sellers) for $30 million in cash on June 25, 2015. Under the transaction, 10,000 shares of VisLab will be acquired. $4 million of the consideration will be deposited in an escrow account. VisLab's 27 researchers will join Ambarella's advanced computer vision development team. Aaron Alter, Piero Venturini, Elena Ryolo, Paolo Marzano and Claudia Gregori of Legance and Wilson Sonsini Goodrich & Rosati acted as legal advisors for Ambarella. Andrea Polizzi of D'argenio Polizzi, Ruben Pescara, Gianmarco Mileni Munari and Giuseppe Cucurachi of Nunziante Magrone and Polsinelli acted as legal advisors for Vislab.
Ambarella, Inc. (NasdaqGS:AMBA) completed the acquisition of VisLab srl from Alberto Broggi, Massimo Bertozzi, Luca Bombini, Stefano Cattani, Pietro Cerri, Rean Fedriga, Mirko Felisa, Paolo Grisleri, Paolo Medici, Pier Paolo Porta, Paolo Zani and University of Parma on June 25, 2015.
Ambarella, Inc. is a developer of low-power system-on-a-chip (SoC) semiconductors that provide artificial intelligence processing, image signal processing and video compression. The Company serves human-viewing applications with video and image processors for enterprise, public infrastructure and home applications, such as Internet protocol, security cameras, sports cameras, wearables, aerial drones, and aftermarket automotive video recorders. It is focused on creating AI technology that enables edge devices to visually perceive the environment and make decisions based on the data collected from cameras and, other types of sensors. Its CVflow-architecture supports a range of computer vision algorithms, including object detection, classification and tracking, semantic and instance segmentation, image processing, stereo object detection, terrain mapping, and face recognition. Its CVflow processes other sensor modalities, including lidar, radar, time of flight, thermal and near-infrared.
Ambarella, Inc. acquired VisLab srl from Alberto Broggi, Massimo Bertozzi, Luca Bombini, Stefano Cattani, Pietro Cerri, Rean Fedriga, Mirko Felisa, Paolo Grisleri, Paolo Medici, Pier Paolo Porta, Paolo Zani and University of Parma for $30 million.
AMBARELLA, INC. 
