It is a major provider of audio compression technologies for digital broadcasting.
Coding Technologies was acquired by Dolby Laboratories in 2007 for $250 million in cash.
Coding Technologies’ MPEG-2 AAC-derived codec, called aacPlus, was published in 2001 and submitted to the MPEG for standardization.
The technology was adopted by Qualcomm in 2004, allowing it to be integrated into wireless handsets.
[7] Lars Liljeryd, Kristofer Kjörling, and Martin Dietz received the IEEE Masaru Ibuka Consumer Electronics Award in 2013 for their work at Coding Technologies, developing and marketing SBR-based audio coding.