Tessera Technologies Names John Allen Acting CFO

Tessera Technologies, Inc.

(“Tessera” or the “Company”) today announced the appointment of John Allen as acting chief financial officer (“CFO”), effective June 26, 2013. Allen, the Company's corporate controller since December 2012, will report to Thomas Lacey, Tessera's interim chief executive officer, and will be responsible for the Company's finance, accounting, financial planning, IT and investor relations functions in addition to his ongoing duties as corporate controller. Allen succeeds C. Richard Neely, Jr., whose tenure as the Company's executive vice president and CFO ended on June 26, 2013. “John has demonstrated through his position as the Company's corporate controller and in his over 20 years of financial and managerial experience with high technology companies that he will be a vital contributor and leader as the Company continues to execute on its strategic plan for long-term sustainable growth and profitability,” said Lacey. Allen, age 49, has served as senior vice president and corporate controller for the Company since December 2012. Before that, Allen served as vice president, corporate controller and chief accounting officer of Corsair Components, Inc., a designer and supplier of high-performance components to the personal computer gaming hardware market, from July 2010 to December 2012. From January 2004 to June 2010, Allen served as corporate controller and as CFO of Leadis Technology, Inc., a publicly-traded company that designed, developed and marketed analog and mixed-signal semiconductor products for consumer electronics. Allen has also served in finance and accounting roles for a number of other publicly-traded technology companies, including Advanced Micro Devices, Xilinx, and Asyst Technologies, and formerly was employed by Ernst & Young as a certified public accountant. Allen holds a Bachelor of Arts degree in Business Economics from the University of California, Santa Barbara.