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Bessemer Sees A More Than 4x Return On Summit Microelectronics Acquisition

Posted on: July 2, 2012 by Mark BosletNo Comments »

It is not everyday that you find an exit for a 15 year old portfolio company and one that bring a more than 4x return on capital to boot.

Summit Microelectronics Acquired By Qualcomm

Posted on: June 18, 2012 by Mark BosletNo Comments »

Qualcomm Inc. said it acquired Summit Microelectronics, a developer of programmable power integrated circuits based in Sunnyvale, Calif. No terms were disclosed. The company has a long list of venture backers, including Bessemer Venture Partners, Norwest Venture Partners, CID Group, HLM Venture Partners, Nokia Growth Partners, August Capital Management and FirstMark Capital, according to data [...]