Xperi facts for kids
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Formerly
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| Public | |
| Traded as |
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| Industry | Technology, Pay television, Consumer electronics |
| Founded | 1990 |
| Headquarters |
,
U.S.
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Area served
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Worldwide |
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Key people
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| Brands | |
| Revenue |  US$521 million (2023) |
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Operating income
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 US$−749 million (2022) |
| US$−757 million (2022) |
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| Total assets | US$737 million (2022) |
| Total equity | US$463 million (2022) |
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Number of employees
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c. 2,100 (2022) |
Xperi Inc. is an American technology company. It is based in San Jose, California. Xperi creates software for many devices we use every day. This includes electronics like TVs and also cars. They also make systems for watching videos online.
The company has four main parts. These are Pay-TV, Consumer Electronics, Connected Car, and Media Platform. Xperi owns well-known brands like DTS, HD Radio, and TiVo. Xperi Inc. used to be part of a bigger company called Xperi Holding Corporation.
Contents
History of Xperi
Xperi Holding Corporation started as a company called Tessera, Inc. It was founded in 1990. Later, in 2003, it became Tessera Technologies, Inc. This company created special ways to package computer chips. They allowed other companies to use these inventions.
In 2008, Tessera bought FotoNation. This company was good at making pictures look better. In 2016, Tessera bought DTS, Inc.. DTS is a company known for its audio (sound) technologies. Before that, DTS had bought iBiquity Digital Corporation in 2015. iBiquity created the HD Radio standard for digital radio in North America.
After buying DTS in December 2016, Tessera Technologies, Inc. changed its name. It became Tessera Holding Corporation. A few months later, in February 2017, it started using the name Xperi Corporation.
In December 2019, Xperi Corporation and TiVo Corporation decided to join together. This merger was completed in June 2020. The new combined company was called Xperi Holding Corporation. It became one of the biggest companies that lets others use its inventions and products.
On October 1, 2022, Xperi Holding Corporation split into two separate companies. The part that made products became Xperi Inc. It started trading on the New York Stock Exchange. The other part, which focused on letting others use its inventions, changed its name to Adeia Inc. It started trading on the Nasdaq Stock Market.
Important Events in Xperi's History
- September 2003: Tessera Technologies, Inc. became Tessera Holding Corporation.
- February 2008: The company bought FotoNation.
- December 2016: DTS, Inc. was acquired.
- February 2017: Tessera Holding Corporation changed its name to Xperi Corporation.
- June 2020: Xperi Corporation and TiVo Corporation joined to form Xperi Holding Corporation.
- May 2021: TiVo Corporation bought parts of MobiTV.
- July 2022: Xperi Holding Corporation bought Vewd Software.
- October 2022: Xperi Holding Corporation split into two companies. The product part became Xperi Inc. The invention-licensing part became Adeia Inc.
Xperi's Products
Xperi creates many different products and services. They are grouped into four main areas:
Pay TV Products
- Classic Guides: These are the interactive TV guides you see on your screen. They help you find out what's on TV.
- Personalized Content Discovery (PCD): This helps you find new shows and movies. It suggests things you might like across different TV channels and streaming services.
- IPTV: This offers streaming video services over the internet. It includes interactive guides for TVs, phones, and computers.
- Consumer Hardware and Subscriptions: This includes TiVo DVR devices. These let you record TV shows.
- TiVo+(plus): This is a free streaming service. It has many channels and videos you can watch anytime.
Consumer Electronics Products
- DTS:X: This is a special sound technology. It makes movies, music, and games sound like they are all around you. You can find it in TVs, soundbars, and laptops.
- DTS Headphone:X: This technology makes sound feel immersive when you use headphones. It's great for movies, music, and gaming.
- IMAX Enhanced: This is a partnership between IMAX Corporation and DTS. It brings the amazing sound and picture quality of IMAX movies to your home devices.
- DTS Play-Fi: This allows you to play music wirelessly throughout your home. It connects different audio devices.
Connected Car Products
- HD Radio: This is the standard for digital radio in North America. It makes radio sound clearer.
- DTS AutoStage: This is an entertainment system for cars. It combines radio, music, videos, and games. It uses the internet to bring content to your car.
Media Platform Products
- TiVo Operating System (TiVo OS): This is a smart TV system. It helps you find content from different streaming services. You can also use your voice to search.
- Monetization: This is how Xperi earns money from advertising. Ads are shown on their TV guides and streaming platforms.
- Metadata: Xperi has a huge database of information about music and video content. This includes details from The Movie Database (TMDB).
