Tuesday, August 4, 2009

Intersil to acquire Quellan

MILPITAS, CA--(Marketwire - August 4, 2009) - Intersil Corporation (NASDAQ: ISIL), a world leader in the design and manufacture of high-performance analog and mixed signal semiconductors, today announced that it has signed a definitive agreement to acquire Quellan, Inc., a privately held leader in the design of high performance analog signal processing integrated circuits (ICs). Quellan's innovative Q:ACTIVE® technology delivers unmatched signal integrity for improved system throughput and density with dramatically reduced power consumption.

Quellan, a Santa Clara, California company founded in 2000, utilizes a proprietary Collaborative Signal Processing (CSP) architecture to apply adaptive noise cancellation and equalization within the analog domain. This unique approach enables Quellan's ICs to address signal loss, dispersion, skew and noise in high-speed signal processing applications. Quellan's Q:ACTIVE technology will provide improved performance, smaller footprint and lower power solutions for communications and networking infrastructure, high-performance computing, storage and consumer electronics applications.

The boards of directors of both companies have unanimously approved the merger. Intersil expects the acquisition will have an immaterial impact on revenue or earnings for the third quarter 2009 results.

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