Thursday, April 30, 2009

NetLogic to Acquire IDT's Search Engine Assets

NetLogic Microsystems agreed to acquire certain assets associated with Integrated Device Technology Inc.'s (IDT) network search engine products for $90 million, plus the costs of inventory on hand. The acquisition includes IDT's search accelerator, network search engine and route accelerator product families and related patents and intellectual property.

NetLogic said these products and technologies will complement and further expand its existing portfolio of knowledge-based processors, NETLite processors and network search engines, and will further strengthen the relationships with NetLogic Microsystems' customer base.

See also