Broadcom taps Israeli passive network technology with Broadlight buy
Through its development center in Herzliya, Israel, Broadlight develops highly integrated networking and fiber access PON (Passive Optical Network) processors.
Last year Broadlight launched a range of 40nm network processors, including a dual core MIPS 74Kc device. The company had raised $62m in six rounds of funning since it was launched in 2000 from investors Azure Capital Partners, Benchmark Capital, Delta Ventures, Israel Seed Partners, Motorola Ventures, Star Ventures and Cipio Partners.
With the addition of BroadLight, Broadcom expands its broadband access portfolio to support customer requirements for rolling out next-generation fiber networks worldwide. The deal is Broadcom’s tenth acquisition in Israel.
"The need for increased bandwidth for IPTV services, HDTV broadcasting and high speed Internet access are driving momentum for deploying fiber networks," said Dan Marotta, Executive Vice President and General Manager of Broadcom’s Broadband Communications Group. "Combining BroadLight’s PON solutions with the strength of Broadcom’s broadband access portfolio will enable us to offer a complete, end-to-end solution for customers — from OLT at the central office to CPE at the home. BroadLight’s strong engineering team and broad IP will complement and extend our ability to deliver next-generation access technologies to customers."
At the current price Broadcom expects to pay approximately $195 million in cash, with an extra $10 million if certain performance goals are met.
www.broadcom.com
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