Xperi

Xperi Inc.

Company type	Public
Industry	Technology
Predecessor	Tessera Holding Corporation, Xperi Holding Corporation
Founded	1990 (1990)
Fate	Spin-off from Xperi Holding Corporation in 2022
Headquarters	San Jose , United States
Area served	Global
Products	Software solutions for consumer electronics, connected automotive systems, broadband video media platforms; brands include DTS, HD Radio, TiVo
Owner	Publicly traded company
Parent	None (independent since 2022)
Website	www.xperi.com

Xperi Inc. is a global technology enterprise based in San Jose, California, focusing on software solutions for consumer electronics, connected automotive systems, and broadband video media platforms. The organization functions through four primary divisions: Pay-TV, Consumer Electronics, Connected Car, and Media Platform. Its prominent brands encompass DTS, HD Radio, and TiVo.

The origins of Xperi Inc. lie in Xperi Holding Corporation, which was established through multiple mergers and acquisitions involving publicly listed companies such as DTS, Inc. and TiVo Corporation.

History

The roots of Xperi Holding Corporation extend to Tessera, Inc., founded in 1990 and later renamed Tessera Technologies, Inc. prior to its initial public offering in 2003. Tessera was known for developing extensively licensed chip-scale packaging technologies within the semiconductor sector.

In 2008, Tessera expanded by acquiring FotoNation, a company specializing in image processing and enhancement technologies. In 2016, it further broadened its portfolio by purchasing audio technology firm DTS, Inc., which itself had previously acquired iBiquity Digital Corporation—the creator of the North American digital audio broadcast standard known as HD Radio.

After completing the acquisition of DTS in December 2016, Tessera Technologies rebranded as Tessera Holding Corporation and subsequently changed its name to Xperi Corporation two months later.

On December 19, 2019, Xperi revealed plans to merge with TiVo Corporation in a deal valued at $3 billion; this transaction was finalized on June 1, 2020. The merged company operated under the name Xperi Holding Corporation and became one of the world’s leading intellectual property and product licensing firms.

On October 1, 2022, Xperi Holding Corporation separated its product business into an independent publicly traded company named Xperi Inc., which began trading on the New York Stock Exchange under the ticker symbol XPER. Simultaneously, the remaining intellectual property licensing segment was renamed Adeia Inc., listed on Nasdaq under the ticker ADEA.

Key Milestones

• September 2003: Tessera Technologies, Inc. transitioned to Tessera Holding Corporation.
• February 2008: Acquisition of FotoNation completed.
• December 2016: Purchase of DTS, Inc. finalized.
• February 2017: Tessera Holding Corporation rebranded as Xperi Corporation.
• June 2020: Merger between Xperi Corporation and TiVo Corporation formed Xperi Holding Corporation.
• May 2021: Subsidiary TiVo Corporation acquired assets of MobiTV following Chapter 11 bankruptcy proceedings.
• July 2022: Acquisition of Vewd Software by Xperi Holding Corporation.
• October 2022: Spin-off of product technology operations into Xperi Inc. (NYSE: XPER) alongside renaming of intellectual property licensing business to Adeia Inc. (Nasdaq: ADEA).

Product Offerings

Xperi’s portfolio is organized into four distinct business segments:

Pay TV

• Classic Guides – interactive program guides designed for traditional linear television delivered via set-top boxes.
• Personalized Content Discovery (PCD) – a metadata-driven platform that provides content recommendations across linear TV, subscription services, and internet programming.
• IPTV – streaming video services featuring interactive guides over IP networks offered either as managed services or software solutions for set-top boxes, mobile devices, or web platforms.
• Consumer Hardware and Subscriptions – TiVo-branded DVR devices accompanied by subscription-based services.
• TiVo+ – a free ad-supported streaming platform offering over 150 channels along with video-on-demand content.

Consumer Electronics

• DTS:X – a high-definition audio codec designed to create immersive sound experiences for cinema environments and consumer electronic devices such as televisions, soundbars, laptops, and mobile gadgets.
• DTS Headphone:X – spatial audio technology delivering three-dimensional sound for headphones across movies, music, and gaming applications.
• IMAX Enhanced – partnership with IMAX to bring cinema-quality immersive technology to consumer electronics and portable devices.
• DTS Play-Fi – wireless audio technology enabling whole-home multi-room audio playback within consumer electronics.

Connected Car

• HD Radio – the digital broadcast standard used across FM and AM radio bands throughout North America.
• DTS AutoStage – an integrated in-vehicle entertainment system combining broadcast radio, music streaming, video content, and gaming over IP networks tailored for automotive environments.

Media Platform

• TiVo Operating System (TiVo OS) – a neutral smart TV operating system that aggregates SVOD (subscription video on demand), AVOD (advertising-based video on demand), and FAST (free ad-supported streaming TV) content with personalized discovery features and voice control navigation.
• Monetization – advertising revenue generated through guide-based ad placements and ad-supported content across Classic Guides, TiVo OS, TiVo+, and PCD platforms.
• Metadata – an extensive database encompassing music and video information including The Movie Database (TMDB) via Rovi, supporting enriched content discovery capabilities.