Friday, July 25 11:53:32
Silicon Valley-based chipmaker Microsemi has acquired Mingoa Ltd, an Irish company that specialises in chip design geared for large-scale Ethernet, operations for an undisclosed sum.
Microsemi is a leader in energy-efficient and timing chips for the defence, aerospace, industrial and communications markets.
Microsemi said the acquisition of the Cork-based company will strengthen its communications infrastructure business.
Mingoa, established in 2009, makes chip designs embedded in hardware and software for real-time Ethernet operations, administration and monitoring. Applications include enterprise Ethernet services, mobile or small cell backhaul operations and data center connections.
The company is venture-backed by Enterprise Equity Venture Capital and Enterprise Ireland.
Microsemi isnít a big acquirer, but its strategic investments tend to be fairly pricy. In November, it paid $304 million for Symmetricom Inc., a San Jose-based company that specialises in time-keeping technology, according to US online media.
For more see: www.businessworld.ie