Exar to acquire Galazar Networks

JUNE 5, 2009 -- Exar Corp. and Galazar Networks Inc. say they have signed a definitive agreement under which Exar will acquire privately held Galazar. Terms of the agreement were not disclosed.

JUNE 5, 2009 -- Exar Corp. (search Lightwave for Exar) and Galazar Networks Inc. (search Lightwave for Galazar Networks) say they have signed a definitive agreement under which Exar will acquire privately held Galazar. Terms of the agreement were not disclosed.

Galazar Networks is a semiconductor vendor focused on Ethernet, DS1/E1, DS3/E3, and SONET/SDH/OTN devices for carrier-grade Ethernet and multi-service line cards. Exar offers silicon, software and subsystem products for industrial, datacom, and storage applications.

"The emerging packet-based infrastructure offers telecommunication service providers not only increased bandwidth and manageability but the ability to expand their revenue base via new services," said Pete Rodriguez, Exar's president and chief executive officer. "Galazar's innovative Carrier Ethernet products will allow Exar to offer a broad range of silicon and software solutions to address this rapidly evolving, high-growth market."

"We are very pleased that Galazar has joined forces with Exar," said Rich Deboer, CEO of Galazar. "Our complementary technologies will position Exar to be an integral part of next generation telecommunication networks."

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