RealTime IT News

Lone Star Grabs Wireless LAN Specialist

ICICI Infotech Services + Ivory Consulting Group, Texas Instruments + Alantro Communications

 Texas Instruments (TXN) to acquire Alantro Communications


   *  Amount:         $300 million


   *  Terms:            100% stock

   *  Premium:        n/a


   *  Industry:        Speed/Bandwidth


   *  Scorecard:      B-


    DALLAS, June 23--Texas Instruments , the leader in digital signal processors (DSP) and analog semiconductors, announced that it has reached a definitive agreement to acquire Alantro Communications, a privately held company that is shaping the development of IEEE 802.11 wireless local area networking technology. Santa Rosa-based Alantro Communications will become part of TI's Broadband Access Group and operate under the Texas Instruments name. Under the terms of the agreement, TI common stock will be exchanged for all outstanding shares of Alantro for an aggregate transaction value of $300 million.



 ICICI Infotech Services acquires Ivory Consulting Group


   *  Amount:         Undisclosed