Cortina Buys Storm Semi

Cortina Systems Inc., a Sunnyvale, Calif.-based provider of analog and digital ICs, has acquired Storm Semiconductor Inc., a company specializing in embedded network processing, triple play services and storage solutions for both SMB and home networks.  No financial terms were disclosed.

 

Cortina has raised over $216 million in total VC funding, including a $132 million round in 2006 to finance the company's acquisition of Intel Corp.'s optical network components business.

 

Backers include Institutional Venture Partners, Canaan Partners, Morgenthaler Ventures, Alloy Ventures, Bridgescale Partners, Doll Capital Management and Sofinnova Ventures. Other returnees included Kodiak Venture Partners, El Dorado Ventures, Invesco Private Capital, Jafco Ventures and Redpoint Ventures. www.cortina-systems.com