News Article
California And India Based Company ASIC Architect Acquired By Gennum
The deal accelerates the company's new product development and
broadens IP offering and global
presence. ASIC Architect will immediately become part of the Snowbush
IP team, which is headquartered in Toronto, Ontario, and will
maintain its Santa Clara, California and Bhubaneswar, Orissa, India
offices.
Gennum Corporation announced it has
acquired ASIC Architect, a leading developer of high speed controller
intellectual property (IP) based in Santa Clara, California. This
acquisition accelerates Gennum's new analogue and mixed signal
product introductions and complements its existing Snowbush IP
offering, which currently consists of advanced physical layer (PHY)
IP cores for high speed data communications. With offices in Silicon
Valley and India, ASIC Architect augments Gennum's global design
expertise and expands its IP engineering team.
The combination of ASIC Architect
controller and bridge IP cores and the Gennum Snowbush IP PHY cores
provides a complete high speed interconnect solution for system on a
chip (SoC) applications. Additionally, with added controller IP and
embedded system expertise, Gennum can more quickly deliver new,
highly integrated products to capitalise on high growth consumer
connectivity markets, while further securing market leadership in its
traditional video and data communication segments.
“Gennum remains committed to
broadening its IP offerings and maintaining its technology leadership
position,” said Ewald Liess, General Manager of Snowbush IP. “By
adding ASIC Architect's expertise and IP cores to our portfolio, we
can deliver a more comprehensive suite of solutions. This enables our
customers to accelerate their development efforts and achieve
quicker time to market with new products.”
Expanding IP Portfolio with
Controllers, Bridges Enables Integrated Subsystem Solutions ASIC
Architect is focused on accelerating chip level integration and
enabling customers to achieve first pass silicon success with IP
products and solution cores built around PCI Express, (PCIe), Serial
Advanced Technology Attachment (SATA), double data rate (DDR) memory
controllers and Advanced Microcontroller Bus Architecture (AMBA)
AHB/AXI interconnect. The offering complements Snowbush IP's
physical layer (PHY) IP cores for high speed data communications and
video applications, including standards based, high performance, non
standard analogue cores, such as high speed, and power management
circuits.
“ASIC Architect has long been
committed to providing the industry's most advanced IP solutions
and, with this acquisition, we believe we can accelerate new IP core
development to broaden the offerings for our joint customers,” said
Kishore Mishra, president and CEO of ASIC Architect. “We look
forward to joining Gennum's world class design team.”
The offices in India, California and
Canada will enable Gennum to attract additional design talent and
expand the company's presence in other global regions. Terms of the
Agreement The purchase price paid by Gennum was $1.5 million (USD),
not including possible future earn out payments based on business
revenues. ASIC Architect employees are also eligible to receive
retention payments under the terms of their employment agreements
with Gennum.
acquired ASIC Architect, a leading developer of high speed controller
intellectual property (IP) based in Santa Clara, California. This
acquisition accelerates Gennum's new analogue and mixed signal
product introductions and complements its existing Snowbush IP
offering, which currently consists of advanced physical layer (PHY)
IP cores for high speed data communications. With offices in Silicon
Valley and India, ASIC Architect augments Gennum's global design
expertise and expands its IP engineering team.
The combination of ASIC Architect
controller and bridge IP cores and the Gennum Snowbush IP PHY cores
provides a complete high speed interconnect solution for system on a
chip (SoC) applications. Additionally, with added controller IP and
embedded system expertise, Gennum can more quickly deliver new,
highly integrated products to capitalise on high growth consumer
connectivity markets, while further securing market leadership in its
traditional video and data communication segments.
“Gennum remains committed to
broadening its IP offerings and maintaining its technology leadership
position,” said Ewald Liess, General Manager of Snowbush IP. “By
adding ASIC Architect's expertise and IP cores to our portfolio, we
can deliver a more comprehensive suite of solutions. This enables our
customers to accelerate their development efforts and achieve
quicker time to market with new products.”
Expanding IP Portfolio with
Controllers, Bridges Enables Integrated Subsystem Solutions ASIC
Architect is focused on accelerating chip level integration and
enabling customers to achieve first pass silicon success with IP
products and solution cores built around PCI Express, (PCIe), Serial
Advanced Technology Attachment (SATA), double data rate (DDR) memory
controllers and Advanced Microcontroller Bus Architecture (AMBA)
AHB/AXI interconnect. The offering complements Snowbush IP's
physical layer (PHY) IP cores for high speed data communications and
video applications, including standards based, high performance, non
standard analogue cores, such as high speed, and power management
circuits.
“ASIC Architect has long been
committed to providing the industry's most advanced IP solutions
and, with this acquisition, we believe we can accelerate new IP core
development to broaden the offerings for our joint customers,” said
Kishore Mishra, president and CEO of ASIC Architect. “We look
forward to joining Gennum's world class design team.”
The offices in India, California and
Canada will enable Gennum to attract additional design talent and
expand the company's presence in other global regions. Terms of the
Agreement The purchase price paid by Gennum was $1.5 million (USD),
not including possible future earn out payments based on business
revenues. ASIC Architect employees are also eligible to receive
retention payments under the terms of their employment agreements
with Gennum.