JUNE 17, 2008 -- Intelligent communications systems supplier Cortina Systems Inc. (search for Cortina) has entered into a definitive agreement to acquire Storm Semiconductor Inc., a privately held semiconductor company specializing in embedded network processing, triple-play services, and storage products for both small/medium businesses (SMB) and home networks. Cortina expects the combination of its infrastructure footprint and Storm's networking devices for distributing digital multimedia content will create seamless connectivity from service providers to consumers.
"The vast improvements in corporate and access networks over the last decade have been the driving force behind the global economy. Consumers are at the forefront of the next wave of economic expansion," says Amir Nayyerhabibi, president and CEO, Cortina Systems. "Storm's SMB and home networking technologies along with Cortina's vast footprint in the networking infrastructure will forge the next generation of consumer social networking, multimedia, and digital home connectivity."
"With massive multimedia data streaming into our lives, there is tremendous need for available and abundant bandwidth within the home. Cortina already delivers best-in-class solutions from the core to the access networks; Storm's technology will enable world-class infrastructure technology for the home," claims Stewart Wu, PhD, president and CEO of Storm Semiconductor. "Cortina's mission is to 'link people globally,' and with Storm's technologies, we bring the network closer to the consumers."
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