Strategic Move Augments Actel's Leadership Position in System and Power Management Solutions
MOUNTAIN VIEW, Calif., July 29, 2008 — Actel Corporation (Nasdaq: ACTL) today announced that it has acquired Pigeon Point Systems, a privately-held supplier of telecommunications computing architecture (TCA) management components. By acquiring the leading provider of TCA management components, Actel now offers a comprehensive solution for proprietary and standards-based system management implementations in the industrial, military, telecommunications, and medical markets. The acquisition is not expected to have a material effect on Actel's financial condition or results of operations. Terms of the acquisition were not disclosed.
Defined by the PCI Industrial Computer Manufacturers Group (PICMG®), the industry-standard TCA specifications cover the AdvancedTCA®, Advanced Mezzanine Card (AdvancedMC™) and the MicroTCA™ frameworks. According to industry estimates from market research firm VDC, the opportunity for the overall standards-based TCA system market is expected to be roughly $1.8 billion by 2009.
Earlier this year, Actel and Pigeon Point announced a partnership to develop and market solutions based on the Actel Fusion® mixed-signal FPGAs to speed the design of AdvancedTCA blade and AdvancedMC carrier blade management controllers. The two companies' combined portfolio of reference designs, development kits, easy-to-use development environments and expert design services gives designers the capability to address system and power management issues throughout the design process.
"Pigeon Point is the de facto standard in the TCA arena," said John East, president and CEO of Actel. "As TCA experiences rapid deployment across the increasingly power-sensitive telecommunications, military and industrial markets, the merger of their market and technology leadership with Actel's innovative power and system management solutions gives us a tremendous opportunity to capture a significant portion of the TCA system market."
"Through mutual customer engagements, we've seen how the Actel Fusion FPGA offers TCA designers compelling benefits in implementing the critical system functions that affect TCA system and power management," said Mark Overgaard, president of Pigeon Point. "Actel's innovative mixed-signal Fusion FPGA, together with Pigeon Point's firmware and reference designs, will serve the complete range of customer applications—from simple system management to higher performance TCA applications."
Pigeon Point Systems has more than 140 customers around the world, including many of the top global communications OEMs. Their product portfolio consists of world-class management components for modular platforms based on the AdvancedTCA, AdvancedMC and MicroTCA architectures. In addition to extending this portfolio with products based on the Actel Fusion mixed-signal FPGAs, Pigeon Point will continue to offer and enhance its existing market-leading solutions. The company will be a wholly owned subsidiary of Actel and will continue to operate out of its Scotts Valley, Calif. headquarters. More information can be found at www.pigeonpoint.com and www.actel.com.
Attacking power consumption from both the chip and the system levels, Actel Corporation's innovative FPGAs and programmable system chip solutions enable power-efficient design. The company is traded on the NASDAQ National Market under the symbol ACTL and is headquartered at 2061 Stierlin Court, Mountain View, Calif., 94043-4655. For more information about Actel, visit http://www.actel.com.