Altera Acquires Enpirion for $140 Million, Forms Power Business Unit
Altera Corporation today announced it has signed a definitive merger agreement to acquire Enpirion, Inc., the industry's leading provider of high-efficiency, integrated power conversion products known as PowerSoCs (power system-on-chip), for $140 million. The combination of Altera's FPGAs with Enpirion's PowerSoCs is expected offer customers higher performance, lower system power, higher reliability, smaller footprint and faster time-to-market. Altera projects $35 million in revenue from the acquired Enpirion products in 2014.
"The importance of power to our FPGA customers has grown so much that having an 'arms-length' relationship with a power supplier was no longer sufficient. We felt the need to bring this important capability in-house to enable validated solutions that customers could take quickly to production, and to pave the way for more sophisticated digital power control in the future," stated Jeff Waters, Senior Vice President with Altera.
"In addition to powering FPGAs, we are committed to supporting the existing customers for Enpirion's DC-DC PowerSoCs, whether they are designing with FPGAs or not. The technology and product roadmap to support these customers is very similar to our typical FPGA customers," Waters continued.
"The Enterprise market represents our fastest-growing business for FPGAs. We see Enpirion's traction and value in this space - especially in servers and SSDs - as being strategically important to us, and we will look to expand on their technologies and products", Waters concluded.
â€œPower is increasingly a strategic choice for product differentiation in communications, computing and enterprise, and industrial applications,â€ said John Daane, president, CEO and chairman of Altera. â€œBy adding a power group to Altera, we will bring even more value to system-level designs. Alteraâ€™s FPGA roadmap will be enhanced significantly with the addition of Enpirionâ€™s power technologies.â€
Ashraf Lotfi, founder and CEO of Enpirion, will serve as an Altera Fellow and chief technologist for Alteraâ€™s newly formed Power business unit. â€œJoining Altera will enhance the Enpirion teamâ€™s ability to solve tough power challenges,â€ said Lotfi. â€œOur leadership in high-efficiency power conversion solutions complements Alteraâ€™s leadership in FPGAs. Enpirion employees have built an innovative company, and we look forward to building upon this foundation with Altera.â€