Freescale Closes Intoto Buyout

Intoto, a software platform product provider based in Santa Clara, Calif., has closed its deal to be acquired by Freescale Semiconductor, an Austin, Texas-based semiconductor manufacturer owned by Blackstone Group and TPG.

Press Release:

Freescale Semiconductor has completed its purchase of privately held Intoto, Inc., a leading provider of software platform products for networking and communications equipment manufacturers. The transaction represents another milestone in Freescale’s strategy to deliver comprehensive solutions for its QorIQ(TM) communications platforms.
With this transaction, Freescale announces the appointment of former Intoto CEO Sathyan Iyengar as a vice president within the company’s Networking Systems Division.
“This transaction underscores our deep commitment to help customers move to embedded multicore with confidence,” said Dr. Lisa Su, senior vice president and general manager of Freescale’s Networking & Multimedia Group. “Intoto’s modular software architecture, broad application-based platforms and engineering talent will enhance our existing single core and multicore enablement capabilities and give our customers comprehensive system solutions to take full advantage of all that our QorIQ platforms have to offer.”
About QorIQ communications platforms
Freescale QorIQ communications platforms are the next-generation evolution of Freescale’s leading PowerQUICC(R) communications processors. Built using high-performance Power Architecture(R) cores, Freescale QorIQ platforms enable a new era of networking innovation where the reliability, security and quality of service for every connection matters. The Freescale QorIQ platforms and roadmap consist of five platforms (P1, P2, P3, P4 and P5) that include single-, dual- and many cores to offer customers a choice of solutions, whether they are ready to move to multicore today or want a smart migration path to get there in the future. For more information about QorIQ platforms, visit www.freescale.com/multicore.
About Freescale Semiconductor
Freescale Semiconductor is a global leader in the design and manufacture of embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets. The privately held company is based in Austin, Texas, and has design, research and development, manufacturing or sales operations in more than 30 countries. Freescale is one of the world’s largest semiconductor companies with 2007 sales of $5.7 billion (USD). www.freescale.com.

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SOURCE: Freescale Semiconductor, Inc.