from the January 2013 issue

Qualcomm acquires LTE and backhaul solutions DesignArt Networks

Global wireless technology provider Qualcomm has acquired DesignArt Networks, a provider of small cell modem and system design for cellular base stations and high-speed wireless backhaul infrastructure. Terms of the deal were not disclosed. Reportedly, the company was sold for $120-$140 million.

DesignArt's system-on-chip (SoC) technology enables simultaneous operation of multiple cellular and backhaul modems with low power consumption and high throughput. With this acquisition, Qualcomm adds the DesignArt LTE and backhaul solutions to its existing portfolio of small cell base station technologies and complementary Wi-Fi, Ethernet and passive optical networking (PON) connectivity solutions.

"DesignArt and its products will both enhance and accelerate ourinitiatives to drive increased capacity and coverage in mobile networks," said Craig Barratt, president of Qualcomm Atheros. "Operators can significantly improve user experience across residential, enterprise and outdoor networks given the greater network efficiencies derived by implementing small cells and heterogeneous networks."

DesignArt was founded in August 2006 by Oz Barak, the company CEO, and Assaf Touboul, CTO at DesignArt. Based in Ra'anana, Israel, the company investors includes, Motorola Ventures, Carmel Ventures and Magma Venture Partners.

Reprinted from the Israel High-Tech & Investment Report January 2013

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