Thursday, September 16, 2010

Microsemi Corporation Acquires Arxan Defense Systems, Inc.

IRVINE, Calif., Sep 15, 2010 (GlobeNewswire via COMTEX News Network) -- Microsemi Corporation (Nasdaq:MSCC), a leading manufacturer of high performance analog mixed-signal integrated circuits, high reliability semiconductors, and RF subsystems, today announced that it has acquired privately held Arxan Defense Systems, Inc.

Arxan Defense Systems, Inc. is a leading provider of anti-tamper solutions, providing full-service support to defense clients in securing systems against tampering, piracy and reverse engineering. Arxan's software and firmware platform, EnforcIT(TM), is designed for defense customers building major weapons systems that require protection of critical technologies against nation-state threats.

There is a strong need for reliable, efficient solutions for software and hardware protection and information assurance to meet mandatory requirements as specified by U.S. Department of Defense (DoD) directives. As each program and product is unique, with its own specific security, platform, performance, and business requirements, it is generally unfeasible to fulfill these requirements using a single technology.

"The combination of Microsemi and Arxan Defense Systems creates a broad and complementary product portfolio for the Defense market," said James J. Peterson, President and Chief Executive Officer of Microsemi. "Arxan's software and firmware solutions fulfill an important role in protecting DoD-critical technologies while they serve to enable additional opportunities in non-U.S. military markets."

"This partnership between Microsemi and Arxan Defense Systems further leverages Arxan's EnforcIT (TM) enablement platform into additional security layers and devices to complement our software and firmware protection capabilities," said Rich Earley, Chief Executive Officer of Arxan Defense Systems. "We are proud to join forces with such a strong and growing supplier of Defense products, systems, and capabilities."

Microsemi intends to discuss this acquisition during its fiscal year-end earnings conference call to be scheduled in November.

About Microsemi Corporation

Microsemi Corporation, with corporate headquarters in Irvine, California, is a leading designer, manufacturer and marketer of high performance analog and mixed-signal integrated circuits, high reliability semiconductors and RF subsystems. The company's semiconductors manage and control or regulate power, protect against transient voltage spikes and transmit, receive and amplify signals.

Microsemi's products include individual components as well as integrated circuit solutions that enhance customer designs by improving performance and reliability, battery optimization, reducing size or protecting circuits. The principal markets the company serves include implanted medical, defense/aerospace and satellite, notebook computers, monitors and LCD TVs, automotive and mobile connectivity applications. More information may be obtained by contacting the company directly or by visiting its website at http://www.microsemi.com.

About Arxan Defense Systems, Inc.

Arxan Defense Systems, Inc. is an anti-tamper technology company providing products and support to DoD and military clients across the entire anti-tamper lifecycle. It empowers program managers to successfully navigate the verification and validation process through a combination of people, products and processes. Arxan Defense Systems takes a 'hooks and handles' approach to create strong defense-in-depth solutions for critical technology and critical program information. With its premier EnforcIT(TM) product suite, Arxan Defense Systems enables engineers to build custom software and firmware protection schemes, and through extensible platforms, it enables developers to leverage best of breed technology in a fast, efficient, and highly secure manner.

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