Friday, August 25, 2006

AMCC Completes Acquisition of Quake Technologies

Sunnyvale-based AMCC said this afternoon that it has completed its acquisition of Quake Technologies, a provider of 10 Gigabit Ethernet PHY technology. AMCC acquired all of the outstanding shares of quake for $69M in cash. AMCC said that as part of its acquisition, it would consolidate its design groups in Ottawa into a single facility. Quake is based in Kanata, Ontario. Quake is backed by Mohr, Davidow Ventures, Bowman Capital, Cisco Systems, Emerging Alliance Fund, and Mitsubishi Corp. More information »