18 / JANUARY 2005
Funding & IPOs
(Continued from page 17)
CEO and president. WiQuest.com ■
Mergers & Acquisitions
Colibrys has completed the acqui- sition of the Applied MEMS sub- sidiary from I/O in an all-stock transaction. Colibrys develops MEMS products and offers contract manufacturing services for MEMS devices. I/O will retain a minority equity interest in the new company and hold one seat on the Colibrys Board. I/O also will retain ownership of all IP associated with the Applied MEMS business and will license this technology to Colibrys as part of the transaction. Colibrys will be the sup- plier to I/O of MEMS accelerome- ters used in the company’s VectorSeis digital, full-wave seismic sensors while I/O will have prefer- ential rights to Colibrys’ MEMS technology for seismic applications involving natural resource extraction. Howard Goldberg, former GM of Applied MEMS, will serve as EVP. Sean Neylon, CEO. www.applied mems.com, www.colibrys.com
Conexant has increased its product development resources in India through the acquisition of Paxonet Communications. Paxonet, which was founded in 1996 as CoreEl Mi- crosystems, provides semiconductor design services to a variety of world- wide customers, including Conexant. Paxonet has a large portfolio of IP cores for semiconductor communi- cations technology and has provid- ed significant design support to Conexant’s Red Bank, N.J.-based Broadband/DSL Access business unit over the past few years. The company has approximately 105
employees, with more than 100 lo- cated in Pune and Bangalore, India. Prior to the Paxonet acquisition, Con- exant had approximately 200 em- ployees in its design centers in Hyderabad and Noida, India. Dwight Decker, chairman and CEO; Chetan Sanghvi, Paxonet founder and CEO. www.conexant.com
DSP Group has acquired substan- tially all of the assets of Bermai, a developer of WiFi chips. The assets consisted mainly of intellectual prop- erty. Former employees of Bermai, who became non-executive officer employees of DSP Group following the acquisition, were granted em- ployment inducement stock option grants to purchase a total of 239,000 shares of DSP Group common stock. These option grants have an exercise price of $22.67 per share and will vest over a period of four years. www.dspg.com
FlipChip has signed an agreement to acquire substantially all of the as- sets of IC Services, a supplier of merchant semiconductor services. Assets include dicing, automated in- spection, backgrind and tape/reel capabilities. Bob Forcier, president and CEO of FlipChip; John Koch, CEO of IC Services. www.flipchip. com
Intel has reached an agreement with HP to hire HP’s Intel Itanium pro- cessor design team based in Ft. Col- lins, Colo. The deal strengthens Intel’s investment in the Itanium ar- chitecture and bolsters the develop- ment of multi-core processors. Terms were not disclosed. HP has also ex- tended its commitment to invest more than $3 billion over the next three years to help drive Intel Itani- um 2-based Integrity servers to a leadership position in the $20 billion
server market segment currently served by RISC processors.
HP’s Ft. Collins team plays a key role in the design of several current and future Itanium platforms, including the forthcoming dual core processors codenamed “Montecito” and “Montvale.” The team will continue to work on these processors, in addi- tion to working on the multi-core processor, codenamed “Tukwila,” and on other future Itanium proces- sors. The team will join the Intel Enterprise Platforms Group led by Abhi Talwalkar, Vp & GM.
Sirenza Microdevices has signed a definitive agreement to acquire ISG Broadband for approximately $7 million in cash, with additional cash consideration of up to $7.15 million based on margin contribution for sales of selected IC and satellite ra- dio receiver/active antenna products through 2007. ISG Broadband, a sub- sidiary of California Eastern Labo- ratories (CEL), is a designer of RF gateway module and IC products. ISG will be integrated into Sirenza’s Amplifier Division and Donald Alf- son, president of ISG Broadband, will join Sirenza asVP of global out- sourcing reporting Charles Bland, COO. Robert Van Buskirk, president and CEO. www.isgbroadband.com, www.sirenza.com
Synopsys has signed agreements to acquire Nassda in an all-cash trans- action at $7 per share, valuing the transaction at approximately $192 million, or approximately $92 mil- lion net of Nassda’s estimated cash at closing. In addition, upon closing, the Nassda officers, directors and employees who are defendants in the litigation between Synopsys and Nassda will make settlement pay- ments to Synopsys in the aggregate
Copyright Pinestream Communications, Inc. 52 Pine Street, Weston, Massachusetts 02493 USA Tel 781.647.8800 Fax 781.647.8825 www.pinestream.com email@example.com