Broadcom to acquire Provigent for $313 Million -- Microwave Radio Silicon

Broadcom will acquire Provigent, a privately-held silicon developer with solution for microwave backhaul systems,
for approximately $313 million in cash.



Provigent's System-on-Chip (SoC) solutions address the backhaul bottleneck, including high capacity modem, baseband, networking and RF chain components. The company is based in Israel and it has offices in Santa Clara, California.



Broadcom said the addition of Provigent's engineering expertise in microwave radio products will expand its portfolio to more thoroughly address the $5B microwave backhaul equipment business.



"Provigent is a unique asset with world-class microwave backhaul technology and strong engineering talent developing innovative and highly integrated semiconductor solutions for the microwave segment," said Rajiv Ramaswami, Executive Vice President and General Manager of Broadcom's Infrastructure and Networking Group. "Combining their microwave backhaul solutions with our industry leading network infrastructure and wireless solutions allows us to better serve our customers and expand our addressable market."http://www.broadcom.com http://www.provigent.com