MaxLinear to acquire Entropic
DetailsMichelle Clancy | 05 February 2015
MaxLinear has agreed to acquire Entropic, for $287 million after the boards of directors of both parties unanimously approved the transaction.
Headquartered in San Diego, Entropic is known for its work on the Multimedia over Coax Alliance (MoCA) home networking standard, inventing direct broadcast satellite (DBS) outdoor unit single-wire technology, and developing a set-top box SoC platform based on the ARM processor, with advanced OpenGL graphics. Its silicon solutions have been deployed across major cable, satellite and fibre service providers.
Entropic also holds a portfolio of approximately 1,500 issued and pending patents.
The acquisition will broaden MaxLinear's analogue/mixed-signal business, including bringing new customer relationships in MaxLinear's most recent growth area, the satellite pay-TV market.
"We are very excited about the opportunity to bring together two talented and largely complementary teams, as we increase our capabilities to solve the most difficult analogue and mixed-signal RF challenges in broadband markets," said Kishore Seendripu, CEO of MaxLinear. "We believe the scale and strategic benefits of a broader technology portfolio will enable us to accelerate our expansion into new markets more effectively. The financial benefits of the transaction should be immediately visible, as we expect non-GAAP earnings accretion in the first full quarter post-close."