Broadcom buys home networking specialist Gigle for $75million
Broadcom has signed a definitive agreement to acquire home networking specialist Gigle Networks for around $75million. According to Broadcom, Gigle Networks' technology will broaden its IP holdings and enable the design of more highly integrated SoCs. In particular, powerline technology is expected to provide additional functionality for those targeting the broadband home segment. The acquisition will also accelerate Broadcom's time to market for G.hn, a draft specification for existing wire home networking
"Broadcom's broadband home platforms span a wide range of segments, including set-top box, broadband carrier access and wireless routers. With the addition of Gigle Networks' powerline technology, Broadcom is able to offer service providers and device manufacturers a variety of ways to deploy a whole home connected environment," said Dan Marotta, pictured, general manager of Broadcom's Broadband Communications Group.
Juan Carlos Riveiro, president and ceo of Gigle, added: "As the segment evolves and new standards emerge, such as G.hn, technologies from both companies can be combined to enable higher performance, more integrated and lower cost solutions for the connected home."
