Product category:
Communications ICs (Wired)
News Release from: Ikanos Communications
Edited by the Electronicstalk Editorial
Team on 16 January 2008
DSL deal brings products, people and
patents
Ikanos Communications is set to purchase DSL technology and assets from Centillium Communications.
Ikanos Communications has entered into a definitive agreement to purchase DSL technology and assets from Centillium Communications for approximately US $12 million in cash As part of the transaction, Ikanos will also assume certain related liabilities
This article was originally published on Electronicstalk on 13 Mar 2007 at 8.00am (UK)
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"We are very pleased to bring into Ikanos Centillium's DSL product lines, the underlying intellectual property and the talented engineering team that created these products", says Michael A Ricci, Ikanos President and CEO.
"Centillium's engineers have already developed technology that we expect to help expand Ikanos' digital home solutions and accelerate the introduction of next generation VDSL2 platforms".
"Their products, people and intellectual property - including nearly 60 patents and applications - further enhance Ikanos' leadership position and provide an expanded customer base in Europe while fortifying Ikanos' leading position in Japan".
Pursuant to the agreement, Ikanos expects to hire a number of Centillium's engineers, including a highly skilled analogue and mixed signal design team as well as acquire all of Centillium's DSL products, intellectual property rights and several new customers.
Ikanos expects to complete the transaction, subject to the satisfaction of certain conditions, by the end of February 2008.
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