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AMCC acquires 10GbE developer

Posted: 29 Aug 2006 ?? ?Print Version ?Bookmark and Share

Keywords:AMCC? Applied Micro Circuits? Ethernet? Quake Technologies? PHY technologies?

Applied Micro Circuits Corp. (AMCC) has completed the acquisition of Quake Technologies Inc., a developer of 10GbE PHY technologies.

Under the terms of the agreement, AMCC acquired all outstanding shares of Quake for approximately $69 million in cash (net of Quake's estimated cash and receivables that AMCC assumed in the deal). AMCC plans to consolidate its design groups in Ottawa, Canada into a single facility and continue to benefit from the experienced engineering talent of the Ottawa area.

"We are pleased to announce the successful completion of this acquisition. We look forward to integrating our technology and customer assets in order to develop 10G Ethernet solutions for the Enterprise and Service Provider markets," said AMCC President and CEO Kambiz Hooshmand in a statement. "Our strategy is focused on converged information and storage networks based on IP and Ethernet."

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