MATTHEW BYATT
Managing Partner
Led by CEO Andrew Richards, Codeplay is globally recognized for its expertise and leadership in SYCL, the Khronos open standard programming models used in oneAPI, and its significant contributions to the industry ranging from open ecosystem activities like SYCL and OpenCL to RISC-V, automotive software safety, and medical imaging. Codeplay has extensively delivered products supporting diverse hardware platforms worldwide, embracing the mission of bringing oneAPI to the masses.
By leveraging Codeplay’s capability and technology, Intel will be able to provide developers with a streamlined development process, improved performance and scalability, and an enhanced user experience. “We’re thrilled to be joining forces with Intel,” said Andrew Richards. “This acquisition is a testament to the hard work and dedication of our team and will allow us to continue to provide the best tools and solutions to our customers. We’re excited to be part of the Intel team and look forward to working together to further accelerate development and deployment of applications.” The acquisition of Codeplay enables Intel to provide developers with enhanced tools and support for developing, debugging, and optimizing applications. Intel will also be able to integrate Codeplay’s software development tools into its existing ecosystem, making it easier and faster for developers to create and deploy applications.
Jim Nicholas, Chairman of Codeplay said:
“Matthew and the Acuity team are true semiconductor experts who brought vitality and professionalism to every stage of our transaction. Their knowledge of the sector and their ability to advise us on a highly nuanced and effective process was instrumental in exiting Codeplay to Intel. I would be more than happy to recommend Acuity for any mid-market semiconductor exit.”
Matthew Byatt, Managing Partner at Acuity said:
“Codeplay is a global pioneer in acceleration technologies for AI, building advanced intelligence into devices ranging from smartphones to self-driving cars. We are thrilled to see them playing a key role in advancing Intel’s support of the oneAPI ecosystem. This transaction yet again demonstrates Acuity’s ability to sell high quality deep tech businesses to international tech acquirors – we wish Andrew and his team every success as they capitalise on the great opportunity ahead.”
“Matthew and the Acuity team are true semiconductor experts who brought vitality and professionalism to every stage of our transaction. Their knowledge of the sector and their ability to advise us on a highly nuanced and effective process was instrumental in exiting Codeplay to Intel. I would be more than happy to recommend Acuity for any mid-market semiconductor exit.”
JIM NICHOLAS | Chairman
Codeplay
Team Members
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Matthew is a Co-Founder and Managing Partner at Acuity and leads the Acuity Advisors’ Deeptech practice.
Matthew has held senior leadership and corporate finance positions with some of the UK’s most successful and influential technology and consultancy companies. Roles with ARM, McKinsey and Cadence have given Matthew an exceptional insight into the world’s most successful businesses and a number of the UK’s eminent start-ups, underpinning his success at Acuity.
Matthew has considerable experience across a broad range of technology sectors throughout the UK, US and Asia, ranging from nanotechnology, semiconductor and cleantech to digital media and internet businesses. It’s experience that has given him a robust, well-developed and international network. Having also run and successfully exited his own business, Matthew has a deep understanding of the financial and emotional aspects of this demanding process, bringing a unique and authoritative perspective to each business sale.
One of Matthew’s strengths is understanding complex technical value propositions, one of the benefits of training as an electronic engineer. He gets to the heart of what drives a company’s value and communicates this persuasively to potential buyers and investors. Matthew understands a buyer’s motivation intuitively and delivers a compelling rationale for why a business sale should be of strategic interest. His insight consistently yields higher deal values and results in great successes for his clients.
