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 investing in promising Flemish SMEs; and Participatiemaatschapij Vlaanderen (PMV).
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."
Ajit Nedungadi, a Managing Director at TA Associates (UK), LLP who will also join the company’s Board of Directors, commented: "CCD has traditionally been the dominant technology in the high-end image sensor market that CMOSIS serves. The migration to CMOS is being driven by a lower cost of manufacturing, lower power requirements, higher speeds and improved sensor resolution. This accelerating market shift should continue to prove favorable for CMOSIS."
