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

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Performance
software

 

  
* 
Scorecard:
      C+

 



    MUMBAI, India, June 23–ICICI Infotech Services Limited
    (IISL), a wholly owned subsidiary of ICICI Limited ,
    announced the acquisition of U.S.-based Ivory Consulting Group, a
    major software services provider in the United States. The acquisition has
    been undertaken by the New Jersey-based ICICI Infotech Inc., the U.S. arm
    of IISL. The acquisition will provide ICICI Infotech Inc. a strong customer
    base and a highly skilled technical resource pool, thereby enabling the
    company to get a strong resource and client base in the U.S. market.
    Financial terms were not disclosed.


     

 

News Around the Web