Broadcom Corporation (Nasdaq: BRCM) today confirmed that it has acquired Israeli embedded chipsets for fiber optics developer Broadlight Ltd. for $195 million in cash. An additional $10 million in milestone payments may also be paid. Broadcom said that the deal will be closed in the second quarter.
Broadcom added that Broadlight, a developer of highly integrated networking and fiber access PON (Passive Optical Network) processors, will expand its broadband access portfolio to support customer requirements for next-generation fiber networks.
Broadcom EVP and general manager Broadband Communications Group Dan Marotta said, "The need for increased bandwidth for IPTV services, HDTV broadcasting and high speed internet access are driving momentum for deploying fiber networks. Combining Broadlight's PON solutions with the strength of Broadcom's broadband access portfolio will enable us to offer a complete, end-to-end solution for customers - from OLT at the central office to CPE at the home."
This is Broadcom's tenth Israeli acquisition. Founded in 2000, Broadlight has raised $62 million.
Published by Globes [online], Israel business news - www.globes-online.com - on March 21, 2012
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