Broadcom competitor Entropic Communications, which in January bid for the set-top box system-on-a-chip (SoC) assets and intellectual property from bankrupt Trident Microsystems, has closed the deal.
The deal, which Entropic ended up sweetening to $65 million in February, a $10 million bump from its original offer, gives it a leg-up in the STB business with a broader suite of products to compete for global IPOTV, cable and satellite markets.
Its STB offerings now include STB SoCs, DOCSIS modems, interface devices and media processors. Entropics said the products feature a range of ARM application processor-based SoCs optimized for Web technologies, as well as traditional Standard-Definition STBs and advanced High-Def STBs.
Chief Executive Patrick Henry called the deal a "watershed event" for the San Diego-based company, and he said it would have a "major impact" on the scope and scale of Entropic's business.
"The acquisition expands our presence in the connected home entertainment market by providing us with complementary assets, intellectual property, patents, core competencies and products that address a much larger available market, while expanding our international presence and diversifying our revenue base," he said. "Our best-in-class MoCA solutions, including MoCA2, combined with Trident's STB system-on-a-chip business creates the only pure-play company focused on connected home solutions for the world's premier cable, telco and satellite service providers."
As part of the deal, former SVP and GM of the STB business unit for Trident, Mark Samuel, joins Entropic as SVP of the set-top box business unit. He'll report to Henry. Entropic also adds about 365 Trident employees to its roster.
Entropic said results for its second quarter of fiscal year 2012, which ends June 30, will include approximately eleven weeks of Trident STB business activity. Entropic management will provide more detailed information about the combined company's outlook during its next regularly scheduled earnings announcement scheduled for April 24.
- see this release
- see this earlier release
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