Silicon Labs pays $1.5 million for Touchstone
Touchstone was founded in 2010 with $12 million in Series A funding from Opus Capital and Khosla Ventures by engineers and managers from Maxim Integrated Products, Linear Technology and Analog Devices. The company’s initial products were pin-compatible alternatives to familiar analog products from Maxim Integrated Products Inc. (San Jose, Calif.). The company had also begun to move in to power management ICs.
The transaction adds almost 70 analog products to Silicon Labs’ portfolio including op-amps, current sense amplifiers, low-power analog-to-digital converters (ADCs), comparators, power management ICs, timers, and voltage detectors and references.
Silicon Labs plans to sell the Touchstone IC products under the Silicon Labs brand and to expand the product line going forward as a complement to its line of energy-efficient microcontrollers and wireless components. The combination will have particular relevance to the Internet of Things (IoT), Silicon Labs said.
"As the IoT market expands exponentially, developers require an ever-widening array of low- power MCUs, wireless ICs, sensors and power management technologies for battery-powered end-nodes," said Tyson Tuttle, CEO of Silicon Labs, in a statement. "IoT end-node designs require the utmost in energy efficiency to maximize battery life without compromising performance. This asset purchase adds valuable energy-saving analog technology and products to enhance our embedded portfolio for the IoT."
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