Shah Capital Partners Acquires Ingenient Technologies Santa Clara, CA, December 12, 2005 - Shah Capital Partners, a technology private equity firm, announced today that it has acquired Ingenient Technologies, Inc., a leading provider of embedded multimedia software solutions for delivering video, audio and data on a range of platforms. Widely deployed on both consumer and infrastructure applications, Ingenient's solutions are embedded on an estimated installed base of over 5 million devices worldwide. Founded over five years ago, Ingenient has achieved an impressive track record of growth and profitability. Ingenient represents the fourth acquisition Shah Capital has completed since raising its 2004 fund and the fifth since the Firm's inception. The acquisition is consistent with Shah Capital's focus on making strategic investments in technology companies with superior potential to build long-term equity value. Ingenient provides a full suite of solutions for compression, transrating, transcoding, bandwidth management and networking of video, images, audio, voice and data. The Company's solutions are optimized for use on industry leading Digital Signal Processors (DSPs) and System on Chip (SoC) architectures. Founder Sami Levi, who will continue to serve as the Company's CEO and President, said, "I am very excited to be working with the Shah Capital team to capitalize on the opportunity before us. Ingenient has worked hard to create a leadership position in embedded multimedia software solutions. This partnership will bring us expanded access to resources and strategic expertise to ensure the continued success and growth of our business." "We are very impressed with Ingenient's management team and its Tier 1 customer base," said Ajay Shah, Managing Partner of Shah Capital Partners. "Ingenient is the clear technology and market leader in this rapidly growing sector. We are excited to work with the outstanding team at Ingenient to accelerate the company's growth plans." Leon Adams, Worldwide Manager DSP Marketing for Texas Instruments stated, "Ingenient is a valued member of TI's 3rd party DSP network and has always provided high-quality software solutions for multimedia applications. We look forward to our continued relationship with Ingenient." Bear, Stearns & Co. Inc. acted as exclusive financial advisors to Ingenient Technologies, Inc. About Shah Capital Partners Shah Capital Partners (SCP) is a technology private equity firm which brings unique strategic and financial expertise to build long-term equity value in partnership with experienced management teams. SCP develops its portfolio companies through their extensive knowledge in specific industry sectors, understanding of successful growth strategies, and operational know-how. SCP's experienced senior managers are from leading technology companies and financial institutions who appreciate the challenges of a modern technology business. Founded in 2003, Shah Capital Partners and its related entities have completed five acquisitions since inception. www.shahcap.com About Ingenient Ingenient Technologies, Inc. develops embedded software solutions that enable the creation, delivery, management, and presentation of rich multimedia content. Ingenient's multimedia software solutions are optimized for use on DSP as well as SoC architectures. These embedded software solutions, as well as a wide selection of hardware reference designs and the support materials, allow fast time-to-market for its customers. Ingenient products are used by leading OEMs in the multimedia consumer, video broadcast infrastructure, and video surveillance and security markets, among others. Ingenient Technologies, Inc. is headquartered in Rolling Meadows, Illinois. The company also has offices in Baltimore, Maryland and Lincoln, Nebraska. www.ingenient.com Contact: Beth Jimison Shah Capital Partners 408.982.0200