Sirenza Completes Acquisition of Xemod

September 11, 2002 by Jeff Shepard

Sirenza Microdevices Inc. (Sunnyvale, CA) announced that it has completed its acquisition of Xemod Inc. (Tempe, AZ) for $4.5 million in cash, with additional cash considerations for Xemod's achievement of technology licensing objectives. As a result of the acquisition, Xemod President and CEO Joseph Johnson will join Sirenza as chief technology officer. Xemod Vice President of Marketing Richard Clark will become vice president and general manager of Sirenza's new Integrated Power Products business area.

"We are pleased to complete this strategic acquisition, which extends our power component product line upward, enhances our intellectual property portfolio and research and development capabilities, and supports our fabless operating model," said Sirenza President and CEO Robert Van Buskirk. "By integrating Xemod's proprietary LDMOS technology with our existing platforms, we will be able to provide customers with a complete line of pre-driver, driver and output power amplifiers, offering the optimal semiconductor technology for a broad range of wireless equipment applications and RF power requirements."