Sunday, August 21, 2005

Freescale Acquires Seaway for Layer 4-7 Processors

Freescale Semiconductor has acquired Seaway Networks, a privately-held fabless semiconductor supplier of content processing technology and solutions. Seaway, which was founded in 2001 and is based in Ottawa,
developed high-performance, silicon-based content processing, advanced security and traffic-management solutions. Seaway focuses on delivering high-performance processors and subsystem products for Layer 4-7 applications. Financial terms were not disclosed. Forty Seaway employees will staff Freescale's newly formed Ottawa Technology Center.

"This acquisition aligns Seaway's content-processing expertise, technology and products with Freescale's communications processor roadmap and PowerQUICC processor portfolio," said David Perkins, senior vice president of Freescale and general manager of Freescale's Networking and Computing Systems Group.


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