|
|
Article: Figure 8 has a buyer: Norway-based Chipcon Group ASA has acquired San Diego-based Figure 8 Wireless Inc. in an all-stock transaction.(High-tech)
- Article from:
- San Diego Business Journal
- Article date:
- January 31, 2005
- Author:
CopyrightCOPYRIGHT 2005 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Figure 8 Has A Buyer: Norway-based Chipcon Group ASA has acquired San Diego-based Figure 8 Wireless Inc. in an all-stock transaction. The dollar value of the deal was not disclosed.
Figure 8 is a 2-year-old company that employs 16 people. It has raised $4 million from Avalon Ventures, Cardinal Venture Capital, Freescale Semiconductor, Inc. of Austin, Texas, and the Viterbi Group. Its 2004 revenue was $600,000.
Chipcon has 75 employees. Its 2003 revenue was $16 million.
Both companies specialize in a wireless technology called ZigBee, which communicates information at a low data rate, at low power. ZigBee's backers say the technology has uses in ...