- published: 20 Jun 2011
- views: 1016
DSP Group, Inc. (NASDAQ: DSPG) is a provider of chipsets for VoIP, multimedia, and digital cordless applications. Founded in 1987 with headquarters in San Jose, California, DSP Group employs over 400 people at three US sites and offices in Germany, Scotland, Israel, India, Hong Kong and Japan.
DSP Group was founded in 1987 by businessman Davidi Gilo, who served as the company's CEO and Chairman until 1993.
DSP Group developed the world's first telephony answering device (TAD) speech processor in 1989. The company entered the digital cordless industry with the acquisition of Advanced Micro Devices' (AMD) 900 MHz technology in 1999, and the subsequent development of 900 MHz narrow-band cordless and 2.4 GHz multi-handset chipset solutions.
In 1993 one of the company's co-founder and its CTO Shabtai Adlersberg started a new company AudioCodes, with the initial investment provided by the DSP Group. AudioCodes grow to become a leading provider of VoIP solutions, which had an initial public offering on the NASDAQ in 1999. In 2004 DSP Group sold all its holdings in AudioCodes making a significant profit on its initial investment.
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