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.
Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?
Start your Free 14 Day Trial now – no obligation or credit card required.
Founded in 2006, VentureDeal is a database that provides the latest information about venture capital firms, venture-backed technology companies and transactions throughout North America.
Learn More »
© 2016 VentureDeal, Inc., Menlo Park, CA. All Rights Reserved.