FREMONT, Calif., Jan. 05, 2022 (GLOBE NEWSWIRE) — Corsair Gaming, Inc. (NASDAQ: CRSR) (“Corsair”), a leading global provider and innovator of high-performance gear for gamers and content creators, today announced that it acquired a 51% stake in iDisplay Technology (“iDisplay”), a leader in electronic development and design specializing in display technology.
Taiwan-based iDisplay, founded in 1998, is a developer of consumer electronics, smart home controls, and streaming consoles, with high-profile clients throughout the technology industry. Its expertise has earned iDisplay a reputation as an innovator of small-form-factor displays, and it has developed a broad patent portfolio supporting its technology.
Corsair, through its Elgato subsidiary, partnered with iDisplay in 2015 to develop the Stream Deck studio control platform. Through their long-term partnership, Corsair, Elgato and iDisplay have collaborated in the development and design of a number of key products. The Elgato Stream Deck range of products and the recently launched CORSAIR ELITE LCD series of all-in-one liquid coolers have benefited from Corsair’s collaboration with iDisplay, integrating stunning displays and multi-function capabilities into user’s PC and desktop setups.
“We’re delighted to welcome our long-standing partner iDisplay to Corsair as we continue to integrate display-based with touch-screen technologies into our feature-rich products for creators, gamers and streamers,” said Thi La, President and Chief Operating Officer of Corsair. “Creators, streamers and gamers benefit from the combination of the display and touch-screen innovation of iDisplay and the industrial design and user-first product development of Corsair.”
KPMG served as legal advisor to iDisplay on this transaction. Corsair’s legal advisor was Lee and Li and its due diligence advisor was Alvarez & Marsal.