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Tundra Semiconductor Completes Acquisition of System Solutions Business from Alliance Semiconductor
Tundra Semiconductor Completes Acquisition of System Solutions Business from Alliance Semiconductor.
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[{"type":"text","content":"\n\n\n\n\nOTTAWA, May 8 /CNW Telbec/ - Tundra Semiconductor Corporation (TSX:TUN),\nthe leader in System Interconnect, today announced it has completed the\nacquisition of the Systems Solutions Business Unit of Alliance Semiconductor\nCorporation (\"Alliance SSBU\"). Tundra entered into a definitive agreement on\nApril 19, 2006 to acquire the assets of the Alliance SSBU. The acquisition\nincludes intellectual property and several products both in production and\nunder development. Tundra also has hired over fifty former-Alliance SSBU\nemployees as a result of the acquisition.\nIn addition to the immediate benefit of a broader product offering by\nadding PCI Express(R), HyperTransport(TM) and PCI bridge products, Tundra\ngains Alliance SSBU's world-class intellectual property and two highly\nexperienced and innovative teams in Santa Clara, CA and Hyderabad, India.\nTundra's leading portfolio of System Interconnect products combined with\nAlliance SSBU's design expertise uniquely positions Tundra to develop a market-\nleading PCI Express product portfolio and fuels growth for the Company's\ncommunications customers.\n\"We are very pleased to have Alliance SSBU join the Tundra family. The\naddition of their unique talent and technology will allow us to better serve\nour customers through stronger roadmaps for next-generation products,\" said\nJim Roche, President and CEO of Tundra. \"Overall, with the synergy between the\nproducts and technologies combined with Tundra's proven channels, design\nsupport and engineering capabilities, customers can expect improvements in the\nquality and support offered to them.\"\n\nABOUT TUNDRA\n\nTundra Semiconductor Corporation (TSX:TUN) is the global leader in System\nInterconnect providing world-class support and leading edge semiconductor\nsolutions to the world's foremost communications, networking, storage system,\nand information technology vendors. Consistently delivering on system level\nperformance promises that reduce time to market, Tundra System Interconnect\nensures market advantage in wireless infrastructure, storage networking,\nnetwork access, military, industrial automation, and information technology\napplications. For more information, please visit www.tundra.com.\n\nComment respecting any Forward Looking Statement in this release -\n\nTundra Semiconductor Corporation is a publi...