Source : Free On-Line Dictionary of Computing

Integrated Information Technology
     
         (IIT) A Santa Clara based company producing a
        programmable, single chip {H.261} and {MPEG} system.  The chip
        contains a {RISC} processor, originally based on the {MIPS}
        architecture but now called {RISCit}, and a "Pixel Processor".
     
        (1994-11-03)