Xconomy San Francisco

Exar Acquires Neterion for $11,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1c0a483d-ce62-4c76-b2ba-fb2c9ca8eafe&Preview=1
Date
2/9/2010
Company Name
Neterion
Mailing Address
295 Santa Ana Court Sunnyvale, CA 94085
Company Description
Neterion Inc. has locations in Cupertino, California and Ottawa, Canada. Neterion delivers 10 Gigabit Ethernet hardware & software solutions that enable OEMs to solve their customers’ high-end networking problems.
Website
http://www.neterion.com
Transaction Type
M&A
Transaction Amount
$11,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The purchase price is estimated to be between $10 million and $11 million dollars net of cash received. No other terms of the agreement are being disclosed.