Tuesday, October 14, 2008

Maxim Buys Mobilygen

Sunnyvale-based Maxim Integrated Products said late Tuesday that it has entered into a definitive agreement to acquire Mobilygen, a provider of H.264 video compression semiconductors. Financial terms of the deal were not disclosed. H.264 compression is a video compression stnadard being used heavily in the video surveillance market. Mobilygen was based in Santa Clara, and backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Lehman Brothers, Integral Capital Partners, Cardinal Venture Capitla, and VentureTech Alliance.