SAN JOSE, Calif.--(BUSINESS WIRE)--
Tessera Technologies, Inc. (NASDAQ:TSRA) ("Tessera" or the "Company")
today announced that it has named Steve Teig as chief technology officer
(CTO) effective immediately. Craig Mitchell, who has been serving in
dual roles as CTO of Tessera and as president of the Company's
subsidiary, Invensas Corporation, will dedicate more of his time towards
accelerating the growth of Invensas.
Mr. Teig is widely regarded as a visionary innovator and brings to
Tessera well-established industry credentials as a technology leader. He
has held CTO and key executive roles at six companies, including two
startups that went public, two startups that were acquired, one Fortune
500 company, and his most recent company, Tabula Inc.
"Steve has thrived in a wide variety of high-technology industries and
has a profound understanding of the markets in which we operate," said
Tom Lacey, CEO of Tessera. "With his vision and background as a company
builder, leader, inventor, technologist, and educator, he is an
excellent addition to the Company and will add significant value for our
customers."
Mr. Lacey continued, "I am grateful for Craig's many contributions while
doing ‘double duty' as President of Invensas and CTO of Tessera for the
past nine months. I look forward to his continued leadership on our
executive team."
"Tessera is involved in developing many exciting new technologies, in
line with its history as a technology innovator in semiconductor
packaging and computational imaging," said Mr. Teig. "I look forward to
contributing to Tessera's future growth and innovation in this new role."
Mr. Teig founded Tabula Inc., where he served as President, CTO, and
Board member from 2003 to 2015. Prior to that, Mr. Teig was CTO and
chief scientist at Cadence Design Systems, a supplier of electronic
design technologies and engineering services in the electronic design
automation industry. Prior to Cadence, Mr. Teig also held CTO roles at
Simplex Solutions, CombiChem, BioCAD, and Tangent Systems.
Mr. Teig holds a BSE in Electrical Engineering and Computer Science from
Princeton University. He previously received a World Technology Award
and an Edison Award, and is an inventor on more than 285 U.S. patents
across multiple disciplines.
About Tessera Technologies, Inc.
Tessera Technologies, Inc., including its Invensas and FotoNation
subsidiaries, generates revenue from licensing our technologies and
intellectual property to customers and others who implement it for use
in areas such as mobile computing and communications, memory and data
storage, and 3DIC technologies, among others. Our technologies include
semiconductor packaging and interconnect solutions, and products and
solutions for mobile and computational imaging, including our FaceToolsTM,
FacePowerTM, FotoSavvyTM, DigitalApertureTM,
LifeFocusTM, face beautification, red-eye removal, High
Dynamic Range, autofocus, panorama, and image stabilization intellectual
property.
For more information call 1.408.321.6000 or visit www.tessera.com.
Tessera, the Tessera logo, Invensas, the Invensas logo, FotoNation, the
FotoNation logo, FaceTools, FacePower, FotoSavvy, DigitalAperture and
LifeFocus are trademarks or registered trademarks of affiliated
companies of Tessera Technologies, Inc. in the United States and other
countries. All other company, brand and product names may be trademarks
or registered trademarks of their respective companies.
TSRA-G
View source version on businesswire.com: http://www.businesswire.com/news/home/20150618005199/en/
Tessera Technologies, Inc.
Robert Andersen, 408-321-6779
Executive
Vice President and Chief Financial Officer
or
The Piacente
Group | Investor Relations
Don Markley or Glenn Garmont,
212-481-2050
Investor Relations
tessera@tpg-ir.com
Source: Tessera Technologies, Inc.
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