Further Solidifies Inphi’s Market Leadership Position in High-Speed Optical and Networking Interconnects Segment
SANTA CLARA, October 6, 2014– Inphi Corporation (NYSE: IPHI), a leading provider of high-speed, mixed signal semiconductor solutions for the communications, data center and computing markets, today announced that it has completed the acquisition of Cortina Systems, Inc., including its High-Speed Interconnect and Optical Transport product lines, as announced on July 30, 2014, in a transaction valued at $131 million. The acquisition does not include Cortina’s Access and Digital Home business, which was divested prior to the closing of the acquisition and will continue as an independent company.
The close of the acquisition further extends Inphi’s market leading position for high-speed optical and networking interconnects. Already a market leader with its 100G PHY/SerDes Gearbox and CDR ICs, Inphi’s comprehensive Networking Interconnect product portfolio is now extended by the addition of Cortina’s 10G/15G/40G PHY interconnects. Additionally, adding Cortina’s 10G/40G/100G Transport and Interconnect products to Inphi’s strong Optical Interconnect 100G amplifiers and drivers positions Inphi as an industry leader for Optical and Networking interconnects.
“By finalizing the Cortina acquisition, weachieve an important milestone on our path to becoming the interconnect market leader,” said Ford Tamer, President and CEO, Inphi. “We believe the combined resources, talent and winning designs will expand our differentiated solution offerings, accelerate innovation and strengthen the breadth and depth of our customer relationships. The combination of Cortina Systems and Inphi Corporation brings together not only a rich portfolio of products, but also two talented teams of R&D engineers, resulting in Inphi’s ability to deliver greater comprehensive solutions to networking OEMs, enterprise and cloud data centers. In addition, because of the increased scale and combination of effort, Inphi can now achieve tangible operational and financial efficiencies which should lead to improved earnings leverage and financial performance as we move forward.”
About Inphi
Inphi Corporation is a leading provider of high-speed, mixed signal semiconductor solutions for the communications, data center and computing markets. Inphi’s end-to-end data transport platform delivers high signal integrity at leading-edge data speeds, addressing performance and bandwidth bottlenecks in networks, from fiber to memory. Inphi’s solutions minimize latency in computing environments and enable the rollout of next-generation communications infrastructure. Inphi’s solutions provide a vital interface between analog signals and digital information in high-performance systems, such as telecommunications transport systems, enterprise networking equipment, enterprise and data center servers, and storage platforms. To learn more about Inphi, visit www.inphi.com.