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Exar to Acquire Galazar Networks
Monday, June 08, 2009 12:01 PM


(Source: Datamonitor)trackingExar Corporation, a US-based developer of connectivity and power management products, has signed a definitive agreement to acquire Galazar Networks, a Canada-based supplier of systems semiconductor and software solutions. Terms of the agreement were not disclosed.

Pete Rodriguez, president and CEO of Exar, said: "The emerging packet-based infrastructure offers telecommunication service providers not only increased bandwidth and manageability but the ability to expand their revenue base via new services. Galazar's innovative carrier ethernet products will allow Exar to offer a broad range of silicon and software solutions to address this rapidly evolving, high-growth market."

Rich Deboer, CEO of Galazar, said: "We are very pleased that Galazar has joined forces with Exar. Our complementary technologies will position Exar to be an integral part of next-generation telecommunication networks."

A service of YellowBrix, Inc.



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