Semtech, a supplier of analog and mixed-signal semiconductors, announced that they are acquiring the assets of EnVerv, a privately-held supplier of narrowband powerline communications (PLC) semiconductor technology.
EnVerv had three investment rounds totaled $33.4M, starting in June 2010. Semtech did not reveal the purchase price of EnVerv's assets.
Announced in Dec-2012, EnVerv's PLC technology implements several narrowband PLC standards:
Semtech says that EnVerv's PLC technology is complementary to Semtech's LoRa; a long range, low power, wireless technology working in the 860-1000 MHz band.
Given that Semtech only purchased EnVerv's assets, one can assume that they got a good price and a lot of the original investors $33.4M went up in smoke.
Permalink to Press Release and my notes
EnVerv had three investment rounds totaled $33.4M, starting in June 2010. Semtech did not reveal the purchase price of EnVerv's assets.
Semtech says that EnVerv's PLC technology is complementary to Semtech's LoRa; a long range, low power, wireless technology working in the 860-1000 MHz band.
Given that Semtech only purchased EnVerv's assets, one can assume that they got a good price and a lot of the original investors $33.4M went up in smoke.
Permalink to Press Release and my notes
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