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M&A Activity

In the Wireless sector, equipment providers made up the bulk of Wireless M&A activity during the quarter. Cisco Systems, Inc. acquired Navini Networks Inc. for $330 million in cash and assumed options. Navini developed WIMAX technologies for wireless broadband networks.

Mobile sector M&A continued to grow with Qualcomm acquiring two companies, SoftMax for an undisclosed sum and Firethorn Holdings, LLC for $210 million in an all cash deal. Firethorn has developed mobile payments technologies. The acquisition is part of a trend of hardware and telecom firms acquiring technologies that are closer to services, since hardware margins are under ongoing pressure.

M&A in the Communications sector also rose sharply from the previous quarter’s dearth of deals. Interwise was acquired BY AT&T Corp., which paid $121 million in cash for the teleconferencing technology company. Additionally, Oplink Communications, Inc. acquired the remaining 42% of Optical Communications Products Inc. that it did not own for $80 million in cash. Optical designs fiber-optic communications components and sub-systems.

Table 2

Venture M&A Activity – 4th Quarter 2007


Industry
Click Industry For Detail
($25 Subscription Req’d)
M&A
Transaction Amounts
% Change
Vs. Prior
Quarter
M&A
Number of
Transactions
% Change
vs. Prior
Quarter
Telecom $ 0 ~ 0 ~
Wireless $579 Million ~ 5 + 150 %
Mobile $210 Million ~ 4 + 300 %
Communications $201 Million N/A 3 + 200 %
Total $990 Million + 227 % 12 + 33 %

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