Inphi Completes Acquisition of eSilicon
January 13 2020 - 9:00AM
Inphi Corporation (NYSE: IPHI), a leader in high-speed data
movement interconnects, today announced that it has completed the
acquisition of eSilicon, as announced on November 11, 2019, in a
transaction valued at approximately $216 million in both cash and
the assumption of debt.
“We are pleased to complete the acquisition of eSilicon,” said
Ford Tamer, President and CEO of Inphi Corporation. “We welcome
eSilicon to the Inphi family and are excited to advance our shared
commitments in driving successful customer engagement,
industry-leading innovation, and best of class execution.”
Inphi believes this acquisition will further reinforce its
premier positioning in data center interconnects, expand its
presence into strategic geographic regions for talent acquisition
and accelerate its strategic roadmap in developing electro-optics
solutions for our Cloud and telecom customers.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements contain words such as "believe," "will," and
"expect," or the negative thereof or comparable terminology, and
include (without limitation) statements regarding the acquisition
of eSilicon and expectations regarding the impact thereof,
including impact on market position, talent acquisition, strategic
roadmap and addressable market, as well as the financial impacts of
the acquisition. Forward-looking statements involve certain risks
and uncertainties, and actual results may differ materially from
those discussed in any such statement. These risks include, but are
not limited to: Inphi’s ability to successfully integrate the two
companies, including retention of key personnel of eSilicon and
maintaining sales to existing eSilicon customers, the impact on
Inphi’s financial performance, the ability to extend product
offerings into new areas or products, the ability to commercialize
technology, unexpected occurrences that deter the full
documentation and "bring to market" plan for products, trends and
fluctuations in the industry, changes in demand and purchasing
volume of customers, unpredictability of suppliers, the ability to
attract and retain qualified personnel, the ability to move product
sales to production levels, the ability to compete for client
design-in opportunities, the ability to cross-sell to new clients
and to diversify, and the success of product sales in new markets
or of recently produced product offerings, including bundled
product solutions. Additional factors that could cause actual
results to differ are discussed under the heading "Risk Factors"
and in other sections of the Inphi filings with the SEC, and in its
other current and periodic reports filed or furnished from time to
time with the SEC. All forward-looking statements in this press
release are made as of the date hereof, based on information
available to Inphi as of the date hereof, and Inphi assumes no
obligation to update any forward-looking statement.
About Inphi Inphi Corporation is a
leader in high-speed data movement interconnects. We move big data
fast, throughout the globe, between data centers, and inside data
centers. Inphi's expertise in signal integrity results
in reliable data delivery, at high speeds, over a variety of
distances. As data volumes ramp exponentially due to video
streaming, social media, cloud-based services, and wireless
infrastructure, the need for speed has never been greater. That's
where we come in. Customers rely on Inphi's solutions to develop
and build out the Service Provider and Cloud infrastructures, and
data centers of tomorrow. To learn more about Inphi,
visit www.inphi.com.
Inphi, the Inphi logo and Think fast are registered
trademarks of Inphi Corporation. All other trademarks used herein
are the property of their respective owners.
Investor Contact:
Vernon P. Essi, Jr.
408-606-6524
vessi@inphi.com
Corporate Contact:
Kim Markle
408-217-7329
kmarkle@inphi.com
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