CAMPBELL, Calif. Zilog Inc. today (July 31) announced it has acquired all shares of two-year-old Calibre Inc. and merged the San Jose company into its operations. The acquisition gives Zilog additional products and engineering resources for infrared connectivity devices as well as Bluetooth hardware and software solutions, according to the company.
Last Thursday (July27), privately-held Zilog acquired all outstanding shares of Calibre in exchange for 625,000 shares of its own common stock. Additional shares may be issued to Calibre owners if financial goals are reached in the next 12 months, said Zilog, which was taken private two years ago after being acquired by an investment company. A dollar value on the transaction was not released.
"This merger enhances the product value that we deliver to our customers, and broadens our range of'Extreme Connectivity' solutions," said Curtis J. Crawford, chairman, president and CEO of Zilog. "Calibr e's engineering team has world-class talent in providing IrDA (Infrared Data Association) and Bluetooth wireless hardware and software solutions."
Zilog said Calibre has developed substantial software products for Microsoft Corp. Windows operating systems and Web use that makes it easier to establish, configure, and operate various wireless connectivity technologies. Calibre has provided solutions to Hewlett-Packard, Handspring and other companies, according to Zilog.
"Calibre's intellectual property and experience provides Zilog a new dimension in wireless connectivity," said Aydin Koc, senior vice president for the Campbell company. The Calibre operation will report to Koc.