SOURCE: Zoran Corporation

June 12, 2008 16:25 ET

Zoran Corporation Completes Let It Wave Acquisition

SUNNYVALE, CA--(Marketwire - June 12, 2008) - Zoran Corporation (NASDAQ: ZRAN) today announced the completion of its acquisition of Let It Wave SA, a fabless semiconductor company based in Paris, France. Let It Wave delivers award winning and patent-pending technology for video Frame Rate Conversion and image enhancement capabilities for flat panel televisions and other consumer electronics products.

Under the terms of the agreement, Zoran acquired Let It Wave in an all-cash transaction valued at up to $27.6 million, which includes earnout provisions.

About Zoran

Zoran Corporation, based in Sunnyvale, California, is a leading provider of digital solutions for applications in the growing digital entertainment and digital imaging markets. With two decades of expertise developing and delivering digital signal processing technologies, Zoran has pioneered high-performance digital audio, video, imaging applications and Connect Share Entertain technologies for the digital home. Zoran's proficiency in integration delivers major benefits for OEM customers, including greater capabilities within each product generation, reduced system costs, and shorter time to market. Zoran-based DVD, digital camera, DTV, multimedia mobile phone, and multifunction printer products have received recognition for excellence and are now in hundreds of millions of homes and offices worldwide. With headquarters in the U.S. and additional operations in Canada, China, England, France, Germany, India, Israel, Japan, Korea, and Taiwan, Zoran may be contacted on the World Wide Web at www.zoran.com or at (408) 523-6500.

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