World VoIP NewsMerge of German and Dutch VoIP technologies companies
Merge of German and Dutch VoIP technologies companies
German Stuttgart based Company Dialog Semiconductor being a industry substantial provider of integrated power management semiconductor solutions for portable devices such as Smartphones and Tablet PCs, has announced about completion of a transaction to acquire Netherlands headquartered SiTel Semiconductor B.V., enterprise with about 140 employees, working in the industry of semiconductors for short range wireless connectivity and VoIP applications.
SiTel’s products are utilized in a broad range of personal portable applications including digital cordless phones, professional wireless headsets, gaming and portable medical devices. SiTel's specified VoIP technology is massively used by leading vendors of enterprise and residential VoIP connectivity products. Additionally, the combination of SiTel's VoIP-based internet connectivity and short-range wireless capabilities provides an ideal platform to enable a next generation of wireless smart home networked devices with direct IP addressability – a rapidly emerging market sector.
Acquisition’s financial details are declared to be $84.5 millions. The boasted highlights of acquisition are counted as follows: addition of short-range wireless connectivity to Dialog's technology portfolio, as well as customers; expanding Dialog's addressable market targeting high growth wireless personal portable devices - unit shipments of over 100 million in 2010. Deal is expected to be accretive in third quarter of 2011.
”We see the acquisition as highly complementary to our existing business and it will allow Dialog to address adjacent emerging connectivity markets in a compelling way,’’ said Dr. Jalal Bagherli, CEO of Dialog Semiconductor. 'The acquisition adds an established team of nearly 100 engineers, including expertise in low power RF. Dialog now benefits from a differentiated technology portfolio and an extremely competitive platform for our customers, leveraging both our superior power management technology with low power short-range wireless technology,' continued Bagherli. 'Our ultra low power wireless technology, including both innovative proprietary and standards- based solutions has allowed SiTel to become a leader in wireless connectivity,' stated Dr. Asmund Tielens, CEO of SiTel. 'We are proud of the many milestones and technology 'firsts' SiTel has achieved in the CMOS wireless single chip field. By leveraging Dialog's market leadership, I am confident we can drive adoption of wireless connectivity into this burgeoning consumer portable market,' added Tielens.
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