Wednesday, March 2, 2016

Cisco to Acquire Leaba Semiconductor for $320M

Cisco agreed to acquire Leaba Semiconductor, a venture-backed fabless semiconductor company, for $320 million in cash and assumed equity awards, plus additional retention based incentives.

Leaba, which is based in Israel, specializes in networking semiconductors.  The company is in stealth mode and has not announced any products.

The Leaba team will report into Cisco’s Core Hardware Group, led by Senior Vice President, Ravi Cherukuri.

  • Leaba Semiconductor is headed by Eyal Dagan, who previously was CEO and co-founder of Dune Networks, a privately-held developer of switch fabric solutions for data center networking equipment that was acquired by Broadcom for approximately $178 million in cash in 2009.