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Qualcomm picks up DesignArt Networks for $150m
Posted By Viva Sarah Press On August 30, 2012 @ 7:23 am In | No Comments
Qualcomm Incorporated – world leader in 3G and next-generation mobile technologies – recently announced its acquisition of Ra’anana-based DesignArt Networks, a leader in small cell modem and system design for cellular base stations and high-speed wireless backhaul infrastructure.
DesignArt offers system-on-chip (SoC) and software products that enable the design of indoor and outdoor small cell base stations and remote radio heads, which allow operators to expand the data capacity of their networks in a simple and cost-effective manner.
“DesignArt and its products will both enhance and accelerate our initiatives 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.”
Reports suggest the deal, which was completed last week, was worth more than $150 million. Qualcomm made its first Israeli acquisition in 2010 when it bought iSkoot.
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