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September 19, 2006
Analog Devices Buys Denmark's VC-backed AudioAsics
Analog Devices announced that it acquired AudioAsics A/S, which makes low-power microphone and audio signal conditioning chip designs for approx $19M in cash. An additional $8M is payable to the shareholders if the Roskilde, Denmark-based startup meets milestones.
AudioAsics' tech is expected to improve sound quality in MP3 players, cell phones and PDAs that rely on Analog Devices chips. It was founded in 2003 with funding from Danish investors Vaekstfonden, SEED Capital Denmark, and Hvista. The founders will stay on post-acquisition and Analog Devices will invest in its operations in Denmark and Bratislava, the firms said in a statement.
Read - Analog Devices Acquires Audio IC Specialist, AudioAsics (press release)
Posted on September 19, 2006 07:13 AM | Posted to News And Updates | Venture Capital | Permalink
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