Entropic Acquires Mobius Semiconductor
June 06 2013 - 8:30AM
Entropic (Nasdaq:ENTR), a world leader in semiconductor solutions
for the connected home, announced today it acquired Mobius
Semiconductor, Inc., a leading product development company focused
on low power, high performance analog mixed-signal semiconductor
solutions. Mobius products include high speed ADCs, DACs, ADPLLs,
SERDES and proprietary Intellectual Property to achieve leading
performance. Under the terms of the transaction, Entropic purchased
Mobius for approximately $13 million in cash plus employee
equity-based incentives.
The acquisition of Mobius enables Entropic to add advanced
analog mixed-signal expertise and strengthen its competitive
product offerings in both the cable and satellite markets. Founded
in 2004, Mobius offers technology which blends signal processing
with analog circuit design to dramatically reduce power dissipation
while attaining leading-edge performance. The addition of the
Mobius technology will enable Entropic to provide cable and
satellite operators with solutions that encompass system designs
that are low power, broadband, high-speed, and which capture the
full bandwidth of the signal payload – to drive more entertainment
streams and IP services to more connected devices in the home. This
technology can also be leveraged by global satellite service
providers to migrate to digital single-wire communications.
"By acquiring Mobius, we are reinforcing our commitment to
global service providers seeking to advance their next-generation
architectures with low power analog mixed-signal silicon
solutions," said Patrick Henry, president and CEO, Entropic. "We
believe the technology will enhance our product portfolio, enabling
us to provide customers more integrated solutions for cable and
satellite client and gateway devices, as well as for satellite
outdoor unit solutions."
With this transaction, Entropic establishes a design center
presence in Irvine, Calif., a recognized hub for high-tech
semiconductor excellence. Among the team joining Entropic through
the acquisition are mixed-signal and digital signal processing
veterans and Mobius' founders, Dr. Aaron Buchwald and Dr. Avi
Madisetti.
About Entropic
Entropic™ (Nasdaq:ENTR) is a world leader in semiconductor
solutions for the connected home. The Company transforms how
traditional HDTV broadcast and IP-based streaming video content is
seamlessly, reliably, and securely delivered, processed, and
distributed into and throughout the home. Entropic's
next-generation Set-top Box (STB) System-on-a-Chip (SoC) and
Connectivity solutions enable Pay-TV operators to offer consumers
more captivating whole-home entertainment experiences by
transforming the way digital entertainment is delivered, connected
and consumed – in the home and on the go. For more information,
visit Entropic at: www.entropic.com.
The Entropic logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4255
Forward-Looking Statements
Statements in this press release that are not strictly
historical in nature constitute "forward-looking statements." Such
statements include, but are not limited to, statements regarding
the anticipated benefits of the acquisition. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause Entropic's actual results to be materially
different from historical results or from any results expressed or
implied by such forward-looking statements. These factors include,
but are not limited to, the risk that Entropic will be required to
invest substantially more than presently anticipated in order to
realize the expected benefits of the acquisition; risks associated
with integrating newly acquired assets and employees into
Entropic's existing business; Entropic's reliance on the employees
hired in connection with the acquisition and the risk that Entropic
will not be able to retain such employees; risk that anticipated
benefits of the acquisition will not be realized; technology risks;
competition; the risk that the market for Entropic's solutions may
not develop as Entropic anticipates; and other factors discussed in
the "Risk Factors" section of Entropic's Quarterly Report on Form
10-Q for the quarter ended March 31, 2013. All forward-looking
statements are qualified in their entirety by this cautionary
statement. Entropic is providing this information as of the date of
this release and does not undertake any obligation to update any
forward-looking statements contained in this release as a result of
new information, future events or otherwise.
Editor's Note: Definitions for abbreviations used in this
release are as follows: ADC (Analog-to-Digital Converter), DAC
(Digital-to-Analog Converter), ADPLL (All-Digital Phase Locked
Loop), and SERDES (Serializer/Deserializer).
Copyright © 2013 Entropic Communications, Inc. All rights
reserved. All other product or company names mentioned are used for
identification purposes only and may be trademarks of their
respective owners.
CONTACT: Entropic Investor Contact:
Debra Hart
+1 858.768.3852
debra.hart@entropic.com
Entropic Media/Industry Analyst Contact:
Chris Fallon
+1 858.768.3827
chris.fallon@entropic.com
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