Icera Buying Sirific

Icera Inc., a UK-based developer of wireless chipsets, has acquired Sirific Wireless Ltd., a Richardson, Texas-based fabless provider of single-chip, multi-band CMOS RF transceivers for the 3.5G market. No financial terms were disclosed.

Icera has raised over $140 million in total VC funding since 2002, including a recently-announced $40 million Series D round that technically closed last September. Tudor Investment Corp. led that round, and was joined by return backers Accel Partners, Atlas Venture, Amadeus Capital Partners, Balderton Capital and 3i Group. Sirific had raised over $56 million, from firms like Hunt Ventures, BDC Venture Capital, Celtic House, GrowthWorks, Intel Capital, TD Capital Ventures and Tech Capital Partners.

PRESS RELEASE

Icera Inc., the leader in software defined wireless modem chipsets, today announced that it has signed a definitive agreement to merge with Sirific Wireless, a fabless semiconductor company specializing in advanced CMOS RF transceivers. This will enable Icera to deliver a complete chipset solution for the mobile broadband market, which industry analysts expect to grow from just 90 million subscribers today to 1.3 billion by 2012.

The deal significantly accelerates Icera's time to market and competitive position for complete wireless modem chipsets used in mobile broadband datacards, USB dongles, laptops, mobile internet devices and mobile phones.

Stan Boland, President and CEO of Icera, said: “Sirific has industry leading CMOS RF expertise which greatly complements Icera's category-defining soft baseband technology. The merger of the two companies enables Icera to deliver all of the complex modem silicon to manufacturers of cellular data devices and phones, strengthening our emerging position as a tier 1 supplier in the mobile broadband market.”

Tajinder Manku, Founder and CTO of Sirific Wireless said: “We are excited by the opportunity to combine our resources with those of the Icera team to create an industry-leading wireless modem chipset company.”

Sirific's range of advanced single-chip, multi-band, multi-mode (HSDPA, HSUPA, WCDMA, EDGE, GPRS, GSM) CMOS RF transceivers integrate advanced direct up-/down-conversion architectures, a patented frequency synthesizer, a dual-receive path to support receive diversity and a DigRF-compliant baseband interface to increase functionality, while reducing cost, size and power consumption.

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