Intel strengthens video offering with Omnitek acquisition | Major Businesses | Business
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In a move that the chip giant describes as a great complement to its FPGA business, Intel has announced the acquisition of optimised video technology firm Omnitek.
Omnitek Intel 19April2019
Terms of the deal were not disclosed, but explaining reasons for the deal, Intel says that is transforming to compete for an expanded, $300+ billion market opportunity for silicon, driven by demand for solutions to better manage and extract business value from the explosive growth of data. It calculates that the market for programmable solutions represents an estimated $8 billion of that opportunity. In addition it noted that many of its customers use FPGA’s in video and visual related applications.

UK-based Omnitek was founded in 1998 and has developed over 220 FPGA IP cores and accompanying software — including solutions for WARP, ISP processing and video connectivity — that it claims improve significantly time-to-market. The technology enables customised, high-performance vision and artificial intelligence inferencing capabilities on FPGAs across video applications.

With Omnitek, Intel says that it can deliver optimised and highly-efficient solutions that improve time-to-market for existing FPGA customers and win new ones in the rapidly expanding opportunity for FPGA-based vision applications.

“Omnitek’s...deep, system-level FPGA expertise and high performance video and vision related technology have made them a trusted partner for many of our most important customers,” said Dan McNamara, senior VP, GM, programmable solutions group at Intel. “Together, we will deliver leading FPGA solutions for video, vision, and artificial inferencing applications on Intel FPGAs and speed time-to-market for our existing customers while winning new ones.”

“Compute-intensive applications like 8K video and artificial intelligence require a multitude of innovative compute engines,” added Omnitek CEO Roger Fawcett. “FPGA devices play an increasingly critical role, often complementing other processing architectures, and Intel is at the centre of this revolution. Omnitek is excited and extremely proud to bring our intellectual property and engineers to join the talented team in the Intel’s programmable solutions group.”