From the Ascentive Help Desk:
Intel Corporation has acquired Silicon Hive, a developer of processor technology for semi-conductor systems-on-chip, and SySDSoft, a privately held software company based in Cairo. SySDSoft designs state-of-the-art IP solutions in the software stack and physical layer domain, and RF/analog circuits embedded in mobile platforms. Financial terms of the acquisitions were not released.
Silicon Hive was was originally incubated by Philips Electronics to commercialize parallel processing technology for semiconductor Systems-on-Chip. In 2007, Philips decided to spin out Silicon Hive as an independent, venture-backed company. New Venture Partners structured the transaction, transitioning the Silicon Hive business — team, relationships, products, technology and related intellectual property — out of Philips and into a start-up company. New Venture Partners led the Series A investment in Silicon Hive with participation from TVM Capital.
Silicon Hive contributes to Intel’s plans to become the processor architecture of choice across a variety of smart device and market segments — netbooks and laptops, cars, smart phones, tablets and smart TVs. The Silicon Hive capabilities will aid in the delivery of Intel’s more differentiated Atom-processor based SoCs as multimedia and imaging grow in importance across the mobile smart device segments.
Intel announced Silicon Hive's acquisition at at the recent Mobile World Congress in Barcelona, where they also announced accelerated LTE platforms, a new MeeGo tablet user experience, and several new mobile investments and software development tools to aid in the delivery of Intel architecture-based device experiences across multiple operating systems.
SySDSoft’s solutions enhance Intel Mobile Communications’ existing multi-communications portfolio, specifically accelerating its 4G LTE efforts with the addition of leading software development and design capabilities. Intel Mobile Communications is an integral part of Intel’s strategy to accelerate always-connected computing platforms founded on energy-efficient performance, Internet connectivity and security, and spanning a variety of device and market segments, including laptops, cars, smart phones, tablets and TVs.
“The acquisition of engineering and design talent from an Egypt-based company in the field of cutting-edge wireless and communication technology is the first of its kind for Intel in the Middle East,” said Arvind Sodhani, president, Intel Capital and executive vice president, Intel. “The acquisition shows Intel’s continued long-term strategic commitment to the region and its appreciation of its young, growing talent pool.”
“As we enter an era of multi-communication broadband solutions, Intel’s products and technologies will be important to our vision of billions of connected devices,” said Dr. Hermann Eul, president of Intel Mobile Communications. “Intel is making the necessary investments to further enhance its existing world-class wireless product portfolio and to offer the most reliable platforms to our customers that will work seamlessly across a range of global networks. The acquisition supports this strategy and we believe that SySDSoft’s proven and experienced engineering team, combined with Intel Mobile Communications’ existing wireless strength, positions us well for continued growth in LTE.”
Thursday, March 24, 2011
From the Ascentive Help Desk: