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Intersil Buys D2Audio

Intersil Corp. (Nasdaq: ISIL) has agreed to acquire D2Audio Corp., an Austin, Texas-based maker of digital amplifier modules. No financial terms were disclosed. D2Audio has raised over $51 million in VC funding since 2002, from firms like Austin Ventures, Sevin Rosen Funds, Lightspeed Venture Partners and CenterPoint Venture Partners.

 

PRESS RELEASE

 

Intersil Corporation (NASDAQ Global Select: ISIL), a world leader in the design and manufacture of high-performance analog solutions, today announced that it has signed a definitive agreement to acquire D2Audio Corporation, a privately-held innovation leader in the design of digital audio power amplifiers for consumer, commercial, automotive and professional audio applications.

 

D2Audio was founded in 2002 as a privately-held company in Austin, Texas. D2Audio is the developer of the world's only intelligent digital amplifiers, the Digital Audio Engine