10/13/2009

SoC solutions provider Sigma Designs to acquire CopperGate Communications for $160 million

Home multimedia entertainment SoC solutions provider Sigma Designs to acquire CopperGate Communications in a cash and stock transaction deal valued $160 million. The combination of two companies creates a leading provider of networked home entertainment semiconductor solutions.

Sigma and CopperGate have highly complementary technology platforms that form a portfolio of end to end solutions. The combination of Sigma and CopperGate is also expected to yield several potential synergies including synergies from leveraging manufacturing know-how and combined wafer sourcing, further SoC integration and combined research and development.

CopperGate is a leading provider of silicon-based modem solutions enabling distribution of broadband digital content over all three types of wires in the home: coax, phone and power. CopperGate solutions are deployed by service providers enabling the delivery of HDTV, VoIP and fast Internet services. Founded in 2000, CopperGate is headquartered in Tel Aviv, Israel with operations in the U.S. and Taiwan.

Sigma Designs provides integrated system-on-chip solutions (SoC) for the IPTV, connected media player, prosumer and industrial audio/video, HDTV, and wireless markets primarily in Asia, Europe, and North America. The company offers semiconductors with a suite of real-time software that enables synchronous processing of video, audio, and graphics streams for various applications. The company traded on NASDAQ (SIGM) with a market value of $383 milliom.

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