Analog Devices Acquires Multigig for High-Speed Clocking Technology
March 30, 2012 Press Release
NORWOOD, Mass.--(BUSINESS WIRE)-- Analog Devices, Inc. (stock symbol: ADI) today announced that it has acquired Multigig, Inc., a small, privately-held San Jose, California, company specializing in highly innovative high-performance clocking technology. The acquisition will enhance ADI’s clocking capabilities in stand-alone and embedded applications, and will strengthen ADI’s industry-leading position in delivering high-speed data converters and signal processing solutions for our customers.(visit ADI’s clock and timing portfolio page).
“The acquisition of Multigig fits squarely in the middle of our high-speed signal processing strategy and will further strengthen our portfolio of very high performance stand-alone and integrated clocking solutions,” said Peter Real, ADI vice president of Linear and Radio Frequency products and technology. “Continually evolving end markets such as wireless and wire line communications place ever more stringent demands on signal processing solutions and high-performance clocking capabilities are critical to meeting customers’ system requirements.”
Analog Devices acquired Multigig, Inc. in a cash transaction completed on March 30, 2012. The engineers will become part of ADI’s existing clock design team and will move to ADI’s San Jose, CA facility.
About Analog Devices
Innovation, performance, and excellence are the cultural pillars on which Analog Devices has built one of the longest standing, highest growth companies within the technology sector. Acknowledged industry-wide as the world leader in data conversion and signal conditioning technology, Analog Devices serves over 60,000 customers, representing virtually all types of electronic equipment. Analog Devices is headquartered in Norwood, Massachusetts, with design and manufacturing facilities throughout the world. Analog Devices is included in the S&P 500 Index.
This release may be deemed to contain forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among other things, our statements regarding expected benefits of our acquisition of Multigig and expected advances in our technology and product development efforts, that are based on our current expectations, beliefs, assumptions, estimates, forecasts, and projections about the industry and markets in which Analog Devices operates. The statements contained in this release are not guarantees of future performance, are inherently uncertain, involve certain risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements, and such statements should not be relied upon as representing Analog Devices’ expectations or beliefs as of any date subsequent to the date of this press release. Important factors that could cause actual results to differ materially from the results described, implied or projected in any forward-looking statements include: sovereign debt issues globally, any faltering in global economic conditions and financial markets, erosion of consumer confidence and declines in customer spending, unavailability of raw materials, services, supplies or manufacturing capacity, changes in geographic, product or customer mix, adverse results in litigation matters, and other risk factors described in our most recent filings with the Securities and Exchange Commission. We do not undertake any obligation to update forward-looking statements made by us.
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Jim Surber, 336-605-4365
Date Posted 3/30/2012