CMOSIS is a major player in the industrial, scientific and professional markets for image sensors, covering applications such as machine vision, high-end digital photography, digital cinema, aerospace & scientific, medical and biometrics. CMOSIS employs over 60 people and is based in Antwerp, Belgium.
With financial backing and support from Capital-E Arkiv, CMOSIS was founded in November 2007. CMOSIS broadened its capital base and raised further growth capital in 2009 from ING Corporate Investments (Belgium); ING Activator Fund, the ARKimedes Investment Fund of ING Belgium; and Participatiemaatschapij Vlaanderen.
Terms of the transaction were not disclosed.
Luc De Mey, Chairman and CEO of CMOSIS commented: “This transaction will allow CMOSIS to continue growing as an independent company with the support of TA Associates, a strong financial partner that has an impressive track record in building technology companies and is committed to supporting our future growth. I would like to take the opportunity to thank Capital-E, ING and PMV for their strong support in growing CMOSIS.”
J. Morgan Seigler, a Principal at TA Associates (UK), LLP who will join the company’s Board of Directors commented: “The CMOSIS management team has demonstrated expertise in building image sensor businesses. We are excited to partner with such experienced and successful entrepreneurs. CMOSIS is profitable, with a highly reputable brand, attractive client base, and impressive and accelerating growth.”
The image sensor market is growing and predicted to exceed $8 billion by 2014, according to Yole Développement. CMOSIS is focused on several smaller, but high-growth, segments within this market such as machine vision, production cameras, traffic enforcement, medical devices and high-end consumer products. Within the overall market, CMOS continues to gain share over the more established charge-coupled device (CCD) technology.
Visit CMOSIS at www.CMOSIS.com
Visit TA Associates at www.ta.com