Sep 05, 2009 (Close-Up Media via COMTEX) -- VIMC | Quote | Chart | News | PowerRating -- Vimicro International, a multimedia semiconductor and solution provider, announced that Vimicro Electronics, a joint venture company operated and managed by Vimicro, entered into a definitive agreement to acquire Video Surveillance System (ViSS) from Alcatel-Lucent Shanghai Bell (ASB). <!-- _version=10; //--> _version=11; <!-- if (navigator.appVersion.indexOf('MSIE 3') != -1){ document.write('<IFRAME WIDTH=460 HEIGHT=120 MARGINWIDTH=0 MARGINHEIGHT=0 HSPACE=0 VSPACE=0 FRAMEBORDER=0 SCROLLING=no BORDERCOLOR="000000" SRC="http://oascentral.tradingmarkets.com/RealMedia/ads/adstream_sx.ads/www.tradingmarkets.com/@Middle1"></iframe>'); } else if (_version < 11) { document.write ('<A HREF="http://oascentral.tradingmarkets.com/RealMedia/ads/click_nx.ads/www.tradingmarkets.com/@Middle1"><IMG SRC="http://oascentral.tradingmarkets.com/RealMedia/ads/adstream_nx.ads/www.tradingmarkets.com/@Middle1"></a>'); } // -->

Vimicro Tianjin will acquire the complete ViSS business including all property, plant and equipment, inventories, business contracts, intellectual property and service and development capabilities in China, the company said. Moreover, Vimicro and ASB will continue the cooperation on solution and marketing developments in the future, the according to a release.

ViSS is a security and surveillance solution addressing the needs of telecom operators and local governments in China. This platform can meet the monitoring needs of city roadways, airports, shopping centers, banks, schools and other facilities where surveillance is vital, the company said.

"We are very excited to reach this agreement with ASB. The established telecom and government customers base and the prestigious brand name of ASB will provide us strong leverage to expand in the fast growing surveillance market in China. The acquisition and the partnership with ASB will further enrich our product portfolio to address the fast growing market needs, position us strongly as leading surveillance solution provider in China and build upon our growth," said Dr. John Deng, Vimicro's Chairman and Chief Executive Officer.

"Combining ASB's rich experiences in telecom networks and its long-term cooperation with telecom carriers, together with Vimicro's expertise in video technology and vertical market, we will surely be able to better serve our customers going forward," said Kevin Liu, Senior Vice President, Applications Software Group, Alcatel-Lucent Shanghai Bell.

The acquisition is expected to be closed in September of 2009 as agreed by both parties, according to a release. The closing of the transaction is subject to customary closing conditions.

Alcatel-Lucent Shanghai Bell is the flagship company of Alcatel-Lucent in Asia that provides expertise in telecommunications industrialization and services to users in China, Asia Pacific and global markets.

Vimicro International is a multimedia semiconductor and solution provider that designs, develops and markets mixed-signal semiconductor products and system-level solutions that enable multimedia capabilities in a variety of products for the consumer electronics and communications markets.

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