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TTPCom to transfer modem software assets to ADI

Posted: 05 May 2006 ?? ?Print Version ?Bookmark and Share

Keywords:TTP Communications? Analog Devices? ADI? TTPCom? GSM?

TTP Communications plc and Analog Devices Inc. (ADI) announced that TTPCom's subsidiary TTPCom Ltd has reached an agreement with ADI under which TTPCom will transfer to ADI intellectual property, engineering resources and related assets associated with the support and customization of TTPCom GSM/GPRS/EDGE modem software specifically for use on ADI products.

The agreement grants ADI the right to directly distribute TTPCom's modem software for use on ADI SoftFone baseband products and provides development rights for AJAR, TTPCom's advanced applications platform. According to the press release, this agreement is designed to simplify wireless device development for customers by consolidating the resources involved in the licensing and customization of SoftFone-based hardware and software at one company.

"This agreement enables us to provide additional service to our customers by providing a single point of contact dedicated to individual customer needs and by accelerating the availability of integrated hardware/software solutions that support new features and new generations of our SoftFone baseband chipsets," said Christian Kermarrec, vice president of RF and wireless systems at ADI, in a statement.

The value of the agreement is approximately $23 million payable in cash, of which $11 million will be paid at closing with the balance payable after the completion of certain technical milestones. Closing is expected to occur within four to six weeks.

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