May 1, 2009 (FinancialWire) — Tessera Technologies, Inc. (NASDAQ: TSRA) said it has signed a definitive agreement for its subsidiaries to acquire certain assets, including intellectual property and specified customer agreements, from Dblur Technologies Ltd.

Israel-based Dblur develops software lens technology for cell phone cameras and other imaging applications.

Under the terms of the deal, Tessera will purchase the assets and hire certain former Dblur employees. The transaction is scheduled to close within the second quarter of 2009.

Tessera CEO Henry R. Nothhaft said “The assets we are acquiring from Dblur will help Tessera to further enable camera module developers in markets such as China to address the challenges associated with mass production of high-performance, low-cost camera modules for next-generation cell phones.”

San Jose, California-based Tessera Technologies offers miniaturization technologies used for electronic products. The company licenses its technologies, as well as delivers products based on them.

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