Wednesday, January 28, 2009

Novafora Completes Transmeta Buy

San Jose-based Novafora said today that it has completed its acquisition of Transmeta Corporation. The deal, which was originally announced on November 17th, was worth $255.6M in cash. Novafora said it would apply Transmeta's power management technology to its video processors. Transmeta was founded in 1995. Novafora develops video processors and is backed by Gemini Israel Funds and Vertex Venture Capital.