Earlier today Broadcom wrapped up its $3.7 billion acquisition of NetLogic Microsystems, a leader in high performance intelligent semiconductor solutions for next generation networks.
The acquisition, first announced in September 2011, is an important one for both companies and their customers. The combination of Broadcom and NetLogic provides a true end-to-end network infrastructure platform solution, extending Broadcom’s leadership in integrating bandwidth, connectivity and cutting-edge processing technologies required to drive the next generation build-out.
NetLogic has a world-class engineering team and a strong IP portfolio. Ron Jankov, former president and CEO of NetLogic, is joining Broadcom as senior vice president and general manager, in Broadcom’s Infrastructure & Networking Group led by Rajiv Ramaswami. NetLogic’s approximately 700 employees also are joining Broadcom.
Scott McGregor, Broadcom president and CEO, described the acquisition as a significant milestone in Broadcom’s strategy to “extend its communications infrastructure leadership and take advantage of the explosive growth in mobile and video traffic and the rise of cloud computing.”
Read the acquisition close news release.