Published on 25 October, 2007
VIVOTEK is pleased to announce the spin-off of its SoC Department into a subsidiary company, VATICS INC. VIVOTEK held a grand opening on September 14th to celebrate this milestone and officially declare this news to the public.
VATICS will still specialize in the development of multimedia SoC (System-on-Chip). Prior to the spin-off, VATCIS had successfully developed an encode SoC, called VVTK-1000, that is currently used for all VIVOTEK's 7000-series IP surveillance product lines and shows highly reliable performance as the cutting edge features. With such experiences in implementation, VATICS has strong confidence to quickly develop the next generation higher-performance multimedia SoCs to support VIVOTEK's needs and various multimedia applications required by other system integrators in the foreseeable future. The mid-term business strategies of VATICS will continue focusing on the development of state-of-the-art multimedia SoC featuring codecs of MJPEG, MPEG-4, H.264, intelligent video analytics, as well as 3-dimension video processing.
"The spin-off allows two companies to pursue its own strategies that best suit each company's long-term goals," said Owen Chen, the president of VATICS. "The spin-off will also provide the employee incentives to tie individual's performance to their employed company's performance and to enhance opportunities of developing financial expansion plans."
"VATICS" that stands for Video, Audio, Technology, Intelligence, Chips, and Solutions has the meaning of "Prophet". Built upon the success of VIVOTEK and its strong R&D teams (more than 90% of employees have master degrees), VATICS will have capability and capacity to deliver more time-to-market chips to meet the high market demand and should be able to quickly take its place as a leading company in the IC design industry in the near future!