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Analog Devices Acquires Multigig for High-Speed Clocking Technology
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March 30, 2012 Press Release
NORWOOD, Mass.--( BUSINESS
WIRE)-- Analog Devices, Inc. (stock symbol: ADI) today announced
that it has acquired Multigig, Inc., a small, privately-held San Jose,
California, company specializing in highly innovative high-performance
clocking technology. The acquisition will enhance ADI’s clocking capabilities
in stand-alone and embedded applications, and will strengthen ADI’s
industry-leading position in delivering high-speed data converters and
signal processing solutions for our customers.( visit
ADI’s clock and timing portfolio page).
“The acquisition
of Multigig fits squarely in the middle of our high-speed signal processing
strategy and will further strengthen our portfolio of very high performance
stand-alone and integrated clocking solutions,” said Peter Real, ADI
vice president of Linear and Radio Frequency products and technology.
“Continually evolving end markets such as wireless and wire line communications
place ever more stringent demands on signal processing solutions and
high-performance clocking capabilities are critical to meeting customers’
system requirements.”
Analog Devices acquired Multigig, Inc.
in a cash transaction completed on March 30, 2012. The engineers will
become part of ADI’s existing clock design team and will move to ADI’s
San Jose, CA facility.
About Analog Devices
Innovation, performance, and excellence are the cultural pillars
on which Analog Devices has built one of the longest standing, highest
growth companies within the technology sector. Acknowledged industry-wide
as the world leader in data conversion and signal conditioning technology,
Analog Devices serves over 60,000 customers, representing virtually
all types of electronic equipment. Analog Devices is headquartered in
Norwood, Massachusetts, with design and manufacturing facilities throughout
the world. Analog Devices is included in the S&P 500 Index.
This release may be deemed to contain forward-looking
statements intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. These forward-looking
statements include, among other things, our statements regarding expected
benefits of our acquisition of Multigig and expected advances in our
technology and product development efforts, that are based on our current
expectations, beliefs, assumptions, estimates, forecasts, and projections
about the industry and markets in which Analog Devices operates. The
statements contained in this release are not guarantees of future performance,
are inherently uncertain, involve certain risks, uncertainties, and
assumptions that are difficult to predict. Therefore, actual outcomes
and results may differ materially from what is expressed in such forward-looking
statements, and such statements should not be relied upon as representing
Analog Devices’ expectations or beliefs as of any date subsequent to
the date of this press release. Important factors that could cause actual
results to differ materially from the results described, implied or
projected in any forward-looking statements include: sovereign debt
issues globally, any faltering in global economic conditions and financial
markets, erosion of consumer confidence and declines in customer spending,
unavailability of raw materials, services, supplies or manufacturing
capacity, changes in geographic, product or customer mix, adverse results
in litigation matters, and other risk factors described in our most
recent filings with the Securities and Exchange Commission. We do not
undertake any obligation to update forward-looking statements made by
us.
Follow ADI on Twitter at
http://www.twitter.com/ADI_News.
Subscribe to Analog Dialogue, ADI’s monthly technical journal,
at:
http://www.analog.com/library/analogDialogue/subscribe.html
Contacts
Analog Devices
Jim Surber, 336-605-4365
jim.surber@analog.com
Date Posted 3/30/2012
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