Tata Elxsi, a global design and technology service leader in the Broadcast industry, today announced a global partnership with M-Star Semiconductor Inc., a leading global semiconductor company for display and digital home solutions, to provide a comprehensive suite of software for MStar's System-on-a-Chip (SoC) targeted at Set-Top Boxes (STB).

This partnership brings together industry leading MStar STB chipset solutions with Tata Elxsi's solutions and professional services. Communication service providers, MSOs and OEMs are expected to gain from the partnership. As part of this partnership, Tata Elxsi's ''RDK Prime'' suite is made available on MStar STB chipset products. The suite is optimized to exploit the functionality for next-generation
application demands from end consumers.

''Tata Elxsi's partnership with MStar platform helps operators launch new services faster at the same time, keeping the solutions future-proof. Added to it is the best-in-class customer experience provided at the platform and software levels. We expect this partnership to propel the adoption of new IP based technologies at a much more rapid pace,'' said Sreekumar K P, Vice President of Broadcast Business Unit, at Tata Elxsi.

Shares of the company gained Rs 41.95, or 2.89%, to trade at Rs 1,493.00. The total volume of shares traded was 55,589 at the BSE (12.33 p.m., Wednesday).