Sigma Designs to acquire CopperGate Communications

Sigma Designs to acquire CopperGate in a cash and stock transaction with an agreed value of $160 million. CopperGate is a maker of modem ICs for broadband Internet access devices at home delivering HDTV, VoIP data.

"Having developed three generations of ITU/HomePNA ICs since 2005 with over 12 million ICs shipped, CopperGate has proven itself a leader in the IPTV market." said Thinh Tran, Sigma's Chief Executive Officer.

"CopperGate is extremely excited to be part of the Sigma team, which will bring together best-in-class product teams, technology, solutions and support to our customers to provide a larger scale of opportunities," said Gabi Hilevitz, CopperGate's Chief Executive Officer. "Both companies share a dedication to excellence in product innovation and have advanced the technology roadmaps in the IPTV market. We believe joining Sigma will allow us to increase our investments in next-generation products and leverage Sigma's manufacturing expertise and RF/Analog skill set."