A group of investors, led by Shah Capital Partners, and including August Capital, has announced today that they have completed the acquisition of the Analog and Mixed Signal Business Unit from Alliance Semiconductor (Nasdaq: ALSC). The new company will be called PulseCore Semiconductor, Inc. PulseCore is a leading provider of standard and custom high speed and low power analog and mixed-signal silicon solutions. These high performance Integrated Circuits (ICs) offer leading OEMs solutions to their EMI reduction, clocking, power management and system monitoring requirements. PulseCore has deployed these solutions in over 75 million end products worldwide.
PulseCore Semiconductor offers an extensive line of high performance clocking devices and system monitors for the digital consumer, PC peripheral and Datacom / Telecom markets. Leveraging its core competence of Analog and Mixed-Signal design, PulseCore continues to deliver innovative solutions to these markets. CEO, Narendar "Buddy" Venugopal, said, "We are very excited to be working with the investment team to capitalize on the opportunity before us. This partnership will bring us expanded access to resources and strategic expertise to successfully grow our business."
The acquisition is consistent with Shah Capital's focus on making strategic investments in technology companies with superior potential to build long-term equity value. "We are very impressed with what the business has been able to achieve so far," said Ajay Shah, Managing Partner of Shah Capital Partners. "PulseCore's technology has been widely used by Tier 1 OEM customers. We are excited to work with the outstanding team to build upon the current business with new products and expanded markets."
"The investment enhances the ability of the team to develop innovative mixed signal solutions for their customers," said Vivek Mehra, General Partner of August Capital. "PulseCore is off to a great start with its large customer base and strong pipeline".
About Shah Capital Partners
Shah Capital Partners (SCP) is a technology private equity firm which brings unique strategic and financial expertise to build long-term equity value in partnership with experienced management teams. SCP develops its portfolio companies through their extensive knowledge in specific industry sectors, understanding of successful growth strategies, and operational know-how. SCP's experienced senior managers are from leading technology companies and financial institutions who appreciate the challenges of a modern technology business. Founded in 2003, Shah Capital Partners and its related entities have completed six acquisitions since inception.
http://www.shahcap.com
About August Capital
Founded in 1995, August Capital is a leading venture capital firm that invests in innovative technology companies. With more than 100 years of combined venture, industry, and operational experience, August Capital focuses on helping outstanding entrepreneurs build large sustainable companies. August Capital has $1.3 billion under management, and has invested in more than 60 companies including Atheros, Cobalt Networks, Iridigm, Seagate, Shopping.com, Silicon Image, and Tickle. Recent investments ranged from $500,000 to $130 million in information technology businesses from semiconductors to ecommerce. The firm's partners have previously invested in a number of groundbreaking technology companies, including Actel, Adaptec, Compaq, Grand Junction, Intuit, Linear Technology, Microsoft, MMC Networks, Sun Microsystems, Sybase, Symantec, and Visio. August Capital is located in Menlo Park, California.
http://www.augustcap.com
About PulseCore
PulseCore is a leading provider of standard and custom high-speed and low power analog and mixed-signal silicon solutions. Products include EMI reduction, clocking, power management and system monitoring solutions. PulseCore's extensive line of high-performance clocking devices and system monitors are used by leading OEMs in the consumer electronics, PC peripheral, notebook and datacom / telecom markets among others. PulseCore Semiconductor is headquartered in California with offices in Bangalore, India and Taipei, Taiwan.
http://www.pulsecoresemi.com