News Article
Microsemi to acquire PowerDsine Ltd
Microsemi Corporation announced that it has entered into a definitive agreement to acquire PowerDsine Ltd.
With this acquisition, Microsemi expands its portfolio of product offerings to include a broad range of Power over Ethernet ("PoE") solutions and further enhances its strong analog and mixed signal design capabilities."We believe the addition of PowerDsine's experienced team of analogue and mixed signal design engineers will yield excellent results both in the PoE market and more broadly across a number of important commercial analogue and mixed signal markets we serve today. We are also excited to develop Microsemi's presence in Israel to leverage the country's outstanding engineering talent base," said James J. Peterson, Microsemi's President and CEO. The transaction complements Microsemi's analogue mixed-signal product portfolio and bolsters the Company's presence in the communications market. PowerDsine has been a pioneer in the development of PoE, a technology that allows power to be transmitted over the same network cable as data, and is a leader in this fast-growing market. The number of PoE enabled switch ports is estimated to grow from approximately 28 million in 2005 to over 100 million by 2009. The growing demand for PoE capability has been driven by a range of networked applications including VoIP phones, WLAN access points and remote security cameras that increasingly rely upon power delivered over the network. Ethernet switch vendors look to PoE solutions from PowerDsine to integrate this complex power management and communications capability into their product offerings.Microsemi will continue to support PowerDsine's product roadmaps for both the midspan and integrated product lines."We are very pleased to join Microsemi's team," said Igal Rotem, CEO of PowerDsine. "This business combination will result in a very powerful value proposition to customers, investors and employees. Microsemi shares PowerDsine's vision of providing customers with solutions that are designed from a system point of view. This integration will provide the combined resources and capabilities of both companies to further address and fulfill the needs of our customers."
