Alliance Semiconductor to Acquire PulseCore
Alliance Semiconductor Corp. (Santa Clara, CA) announced that is has agreed upon terms for the acquisition of PulseCore Semiconductor Inc. (Santa Clara, CA). The expected acquisition cost is approximately $5.0 million. Upon completing the necessary due diligence, the parties expect to complete the acquisition within 60 days. Upon close of the acquisition, Alliance intends to operate PulseCore as a separate logic products division within the company.
Alliance Chairman, President and CEO N.D. Reddy said, "The addition of PulseCore's products and technology is a key step toward Alliance's goal of expansion beyond our core memory business. The PulseCore team will add to our engineering resources and complement our products currently under development. I am very excited about future product possibilities in the mixed signal area."
PulseCore President and CEO Narendar Venugopal, who will become the general manager of the logic products division, commented, "We are delighted to join the Alliance team. I believe our products are a logical addition to Alliance's product line, and will be well received by current and future customers of both companies."