Qualcomm Technologies acquires technology assets (FlexNoc and Arteris FlexLLI) from Arteris
Nov 01, 2013 (MarketLine Financial Deals Tracker via COMTEX) --
Qualcomm Technologies, Inc. (QTI), a wholly-owned subsidiary of Qualcomm Incorporated (QI), has acquired the technology assets from Arteris, Inc., a provider of network-on-chip (NoC) interconnect semiconductor intellectual property (IP) to system-on-chip (SoC) manufacturers. All the companies are based in the US.
QTI is a provider of wireless devices and services, while QI is a developer, designer, manufacturer and marketer of digital wireless telecommunications products and services. Arteris' technology assets consists of FlexNoC and Arteris FlexLLI product lines.
As part of the transaction, Arteris retains the right to license, support and maintain the existing Arteris FlexNoC and Arteris FlexLLI product lines in order to fulfill existing and new licensing contracts. Qualcomm has agreed to make certain FlexNoC updates available to Arteris based upon an agreed upon schedule and provide certain engineering support to Arteris.
Morgan Stanley & Co. LLC (formerly Morgan Stanley & Co., Incorporated) is acted as financial advisor to Arteris.
Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Completed: 2013-10-31
Target (Company) Arteris, Inc. - Technology Assets
Acquirer (Company) Qualcomm Technologies, Inc.
Vendor (Company) Arteris, Inc.
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