Company Website: http://www.tessera.com
SAN JOSE, Calif. -- (Business Wire)

Tessera Technologies, Inc. (Nasdaq: TSRA) (the “Company”) announced today that it has named Edmundo Ruiz executive vice president and chief administrative officer. Ruiz will report to Robert A. Young, the Company’s president and chief executive officer, and will be responsible for all corporate administrative functions including IT, Human Resources, Facilities and Real Estate. He will also have corporate responsibility for strategic initiatives.

“Edmundo’s significant operational and administrative experience and expertise make him a well-matched fit for the Company,” said Young. “In addition, his proven ability to increase bottom line profitability and lead organizational change makes him the right person to successfully help guide our company through the opportunities that lie ahead.”

“I welcome the opportunity to join a world class organization with extraordinary market potential,” said Ruiz. “I believe the Company has strong talent, compelling technology, leading-edge intellectual property, and a long range strategy that will enable it to realize its full potential. I look forward to working with the employees and management team to achieve its objectives and to successfully grow the Company.”

Ruiz joins the management team from iSoftStone, a leading China-based IT services provider, where he was senior vice-president with overall management responsibility for the company’s European business, including managing customers and operations, and supporting corporate strategy and mergers and acquisitions. Prior to iSoftStone, Ruiz was vice president of international operations & IT at Avaya. From 1996 through 2005 Ruiz was at Siemens AG, where he held various roles including Global CIO of Siemens Mobile before becoming global head of IT infrastructure and CIO EMEA in 2002. While at Siemens, Ruiz managed extensive CIO organizations in Europe and developed a corporate global IT shared services organization.

Ruiz holds a Bachelor of Science in electronics engineering from the Monterrey Institute of Technology, and a Master of Science of management from the Massachusetts Institute of Technology.

Safe Harbor Statement

This document contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ significantly from those projected, particularly with respect to the employment of Edmundo Ruiz as executive vice president and chief administrative office, the impact of his employment on the Company, and the Company’s technology, intellectual property and potential. Material factors that may cause results to differ from the statements made include changes to the plans or operations relating to the Company’s businesses and groups, market or industry conditions; the future expiration of license agreements and the cessation of related royalty income; the failure or refusal of licensees to pay royalties; delays, setbacks or losses relating to the Company’s intellectual property or intellectual property litigation, or any invalidation or limitation of key patents; fluctuations in operating results due to the timing of new license agreements and royalties, or due to legal costs; changes in patent laws, regulation or enforcement, or other factors that might affect the Company’s ability to protect our intellectual property; the risk of a decline in demand for semiconductor products; failure by the industry to adopt technologies covered by the Company’s patents; and the future expiration of the Company’s patents. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. The Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2010 and Form 10-Q for the period ended Sept. 30, 2011, include more information about factors that could affect the Company's financial results. The Company assumes no obligation to update information contained in this press release. Although this release may remain available on the Company's website or elsewhere, its continued availability does not indicate that the Company is reaffirming or confirming any of the information contained herein.

About Tessera Technologies, Inc.

Tessera Technologies, Inc. is a holding company for two businesses. The Company’s Intellectual Property reporting segment (formerly known as Micro-electronics) is a patent licensing business that owns patents generated in over 20 years of semiconductor packaging research and development. The Company’s other reporting segment, DigitalOptics (formerly known as Imaging & Optics), offers camera module solutions that provide cost-effective, high-quality camera features, including extended depth of field (EDoF), zoom, image enhancement, optical image stabilization and MEMS-based auto-focus. These technologies can be applied to mobile and wireless products as well as vertical markets such as, automotive, medical and security. Tessera Intellectual Property Corp. manages the operations of the Company’s Intellectual Property reporting segment, including the patent portfolios of Tessera, Inc. and Invensas Corporation. The Company’s DigitalOptics reporting segment is operated through DigitalOptics Corporation. The Company is headquartered in San Jose, California. For more information call 1.408.321.6000 or go to www.tessera.com.

Tessera, Tessera, Inc., the Tessera logo, DigitalOptics Corporation, and Invensas Corporation are trademarks or registered trademarks of affiliated companies of Tessera Technologies, Inc. in the United States and other countries. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.

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Contacts:

For Tessera Technologies, Inc.
Company Contact:
Michael Anthofer, 408-321-6711
Chief Financial Officer
or
Investor Relations Contact:
Moriah Shilton, 408-321-6713
Sr. Director, Investor Relations

Source: Tessera Technologies, Inc.