Saturday, May 7, 2011

Broadcom to Acquire SC Square for $42M -- Security Software

Broadcom has agreed to acquire SC Square Ltd., a security software developer based in Israel, for approximately $41.9 million in cash. The company develops smart card operating systems with state-of-the-art cryptographic algorithms.

Broadcom said the acquisition is part of its strategy to acquire technologies and high quality teams with a solid track record of execution.