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Silicon Labs? Ember buy a move to the Internet of Things

Posted: 24 May 2012 ?? ?Print Version ?Bookmark and Share

Keywords:wireless mesh? networking technology? Internet of Things?

Silicon Laboratories Inc. has signed a definitive agreement for the acquisition of Ember Corp., a late-stage private company offering silicon, software and development tools for 2.4GHz wireless mesh networking solutions.

The $72 million deal is subject to an adjustment for certain working capital amounts and potential earn-out consideration.

Deployed in smart energy, connected home, security, lighting and other monitoring and control applications, Ember�s technology is seen to bring Silicon Labs the technology and software expertise required to escalate the growth of the Internet of Things, which is being realized to enable more convenient, energy-efficient and safer home and work environments.

The Ember portfolio complements Silicon Labs? products and targets a growing market estimated to increase from $100 million in 2012 to $600 million by 2016. The combination of the companies? products will bring together MCU, power and isolation technology, sensors, and both sub-GHz and 2.4GHz wireless radios into a comprehensive portfolio of highly integrated networking solutions for embedded systems.

Ember is a pioneer in the market for 802.15.4 ZigBee solutions, developing mesh networking technology since the concept was first conceived. The design team represents some of the most experienced talent in embedded radios. The company�s products integrate high-performance, low-power 2.4GHz wireless ICs with reliable and scalable networking software into a platform with unmatched performance and flexibility. With more than a decade of systems and software knowledge applied to the connected home, smart meters and building automation and more than 25 million units shipped, Ember has developed a leadership position in ZigBee-based systems and has established the benchmark for performance and usability.

Silicon Labs expects that the addition of Ember�s SoC portfolio, advanced networking software expertise, and a proven design and applications team will contribute to the rapid expansion of its Broad-based business. Silicon Labs intends to apply the underlying technology platform and expertise to enable low-power mesh networking in not only home but also industrial and commercial applications. Further, both companies? products leverage the same underlying development environment, which is expected to accelerate the combined roadmap and support rapid adoption among the existing customer base.

Ember is expected to contribute approximately $10-$12 million in revenue in the 2H12 and to be accretive on a non-GAAP basis in 2013. The boards of each company have approved the acquisition, which awaits the satisfaction of regulatory requirements and other customary closing conditions. In conjunction with this all-cash acquisition, Silicon Labs? board of directors has authorized management to pursue a $200 million credit facility that could be used for stock repurchases and for other general corporate purposes.

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