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TranSwitch to acquire 10GbE transceiver provider

Posted: 08 Dec 2005 ?? ?Print Version ?Bookmark and Share

Keywords:TranSwitch? Mysticom? Gigabit Ethernet? transceiver?

TranSwitch Corp. announced that it has entered into a definitive agreement to acquire Mysticom Ltd, a privately-held developer of high-performance, low-power, multi-Gigabit Ethernet transceivers for the communications industry. With this acquisition, TranSwitch gains in-house capability to integrate high-speed SerDes and PHY technology into its future Envoy, PHAST and EtherMap series of products.

"Integrated SerDes capabilities in our PHAST-12N, EtherPHAST-48 Plus, PHAST-48V and VTXP-48 have been a strong differentiator for us. We acquired SerDes IP for these products from third parties," said Santanu Das, president and CEO of TranSwitch. "As we move into our next series of Envoy, PHAST and EtherMap products with 10Gb SONET/SDH and Ethernet interfaces, we need to continue to integrate SerDes and PHY functions. External IP for 10Gb SerDes and PHY is not readily available, and Mysticom's proven capability in analog/mixed-signal design and in these technologies will enable TranSwitch to continue it strategy of integrating SerDes and PHY capabilities in its next-generation products."

Mysticom, a fabless semiconductor company, currently designs, develops and markets 10GbE transceivers for a variety of applications, including data center, enterprise, server, storage and high-definition video. Mysticom's family of 10GbE transceivers promise to deliver superior interconnect performance over a variety of cable media and is fully compliant with CX4, LX4 and XAUI standards. The patented designs of these products provide extremely low-power consumption in very small form factors, said the company.

TranSwitch is expected to acquire the Israel-based company through the issuance of approximately $5 million of TranSwitch Common Stock. Upon the satisfactory achievement of certain revenue objectives and a positive operating cash flow over the next 12 months, TranSwitch will pay up to an additional $10 million in the form of TranSwitch stock or cash, at its option. The transaction is expected to be completed in TranSwitch's first quarter ending March 31, 2006, subject to customary closing conditions and requisite regulatory approvals.

Mysticom Ltd will operate as a wholly-owned subsidiary of TranSwitch.

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