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Ikanos Communications, Inc. reportedly announced that it has completed the acquisition of the broadband access product line from Conexant Systems, Inc for approximately $54 million in cash.

"With the completion of this acquisition, Ikanos (News - Alert) gains greater scale, an expanded product line, deeper technical expertise, and a broader global customer base," said Michael Gulett, president and chief operating officer of Ikanos.

Officials at the company claim that since it is a provider of advanced broadband semiconductor and software products for the digital home, these products from the broadband access product line complement its own solutions, and together deliver significantly enhanced and in-demand multi-play solutions to consumers.

A recent article titled, “Bye-Bye, Triple Play (News - Alert), Hello Penta Play and Beyond,” reported that consumers the world over are quite content and thrilled to bits with ‘Triple Play’ (not in the baseball sense!) services that generally include IP Television, or IPTV (News - Alert), VoIP and higher speed broadband, and many multiple service providers have been ramping infrastructure to cope with this growing demand.

Now also becoming popular is Quadruple Play  which adds mobile services to the existing triumvirate of IPTV, VoIP and higher speed broadband.
Telecommunications companies have chalked out clear cut roadmaps to include digital social and business activities in the not too distant future, according to a market research report from Frost & Sullivan, based on Quad Play studies conducted throughout 2008.

"All of these elements will help us accelerate the delivery of our strategic vision developing new offerings that extend multi-play services to and throughout the digital home," said Gulett.

Ikanos claimed the total afore mentioned cost of approximately $54 million in cash did not include transaction costs, and the assumption of certain employee and facility related liabilities, and all terms and conditions as per the original contractual agreement were strictly adhered to by both parties.

Officials said Tallwood Venture Capital, an investment firm focused on the semiconductor industry, helped Ikanos by injecting $42 million during the final stages of the acquisition, but this amount did not include any transaction related expenses.

Ikanos said that Tallwood had laid down a few pre-requisites during the investment agreement rounds, and these were immediately brought into effect the moment the takeover was officially confirmed.