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Matsushita acquires Elixent, says report

Posted: 19 Jul 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Elixent? HP? Matsushita? Panasonic? XX?

Elixent Ltd has been acquired by Matsushita Electric Industrial Co. Ltd, one of its two principal backers, and is set to become an R&D center under the Panasonic name, according to an online report.

The company was spun off from Hewlett Packard Laboratories in Bristol in 2000 to commercialize reconfigurable technology that had been in development there since 1995. Elixent's FPGA-like programmable fabric, which was intended to be integrated with software-programmable processors, attracted engineering interest in the first half of the decade. It also attracted investment rounds worth $14 million in Oct. 2000 and $10 million in July 2003.

However, attracting customers proved hard and Elixent did much of its development work with just two companies: Toshiba and Matsushita. These two helped out existing investors 3i, GIMV and NIF Ventures in a third funding round worth $15 million in April 2005. However, later that year the company laid off most of its sales and marketing staff.

According to the report, Matsushita plans to use the Elixent technology across a range of Panasonic branded products.

- Peter Clarke
EE Times




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