Earlier today, Broadcom Corporation became the proud owner of NetLogic Microsystems Inc., wrapping up its $3.7 billion acquisition that was announced last September.
By adding NetLogic to the mix, Broadcom says the combined companies will “deliver best-in-class, seamlessly integrated network infrastructure platforms…reducing both time-to-market and development costs.” In addition, “NetLogic Microsystems also extends Broadcom’s infrastructure portfolio with key technologies, including multi-core embedded processor and knowledge-based processor solutions, both critical enablers of the next-generation infrastructure buildout.”
“The NetLogic acquisition is a significant milestone in Broadcom’s strategy to extend its communications infrastructure leadership and take advantage of the explosive growth in mobile and video traffic, and the rise of cloud computing,” comments Broadcom CEO Scott McGregor. “This acquisition adds a high-margin, high-growth business that strongly increases the addressable market of our infrastructure and networking business.”
Ron Jankov, former president and CEO of NetLogic Microsystems, now joins Broadcom as a senior vice president/GM, reporting to Rajiv Ramaswami, Broadcom’s executive vice president/GM, Infrastructure & Networking Group. NetLogic’s 700-plus employees also immediately become Broadcom staffers.