Advised Gigle, a manufacturer of system-on-a-chip (SoC) solutions for home networking, on its sale to Broadcom
Nov 2010
acquired by
  • Sector: Systems & Deep Tech
  • Deal Type: Strategic Deals; Venture Capital Exits
  • Engagement type: Sellside
  • Size: <$200m
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Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Gigle Networks Inc.(“Gigle”) on its sale to Broadcom Corporation (NASDAQ:BRCM) (“Broadcom”). The transaction is valued at approximately $83 million.

Founded in 2005, Gigle (www.giglenetworks.com) develops system-on-a-chip (SoC) solutions for home networking over power lines, coaxial cable and phone lines. Gigle provides solutions for multimedia home networking that can extend wired and wireless Ethernet everywhere in the home – without the need for new wires. The solutions are targeted for applications such as Internet Protocol Television (IPTV), broadband TV (BBTV), video on demand (VoD) and voice over IP (VoIP). Gigle has R&D centers in Barcelona, Spain and Edinburgh, UK, Sales and Marketing offices in Redwood City, California and support offices near customers in all major regions.

Gigle’s technology will widen the breadth of Broadcom’s intellectual property and enable the design of more highly integrated SoCs that allow whole-home network coverage in a wide variety of global deployment scenarios. The acquisition will also accelerate Broadcom’s time to market for G.hn, a new draft specification for existing-wire home networking, developed under the International Telecommunication Union.

– Founded in 2005, Gigle Networks provides solutions for multimedia home networking that can extend wired and wireless Ethernet everywhere in the home

– Gigle’s solutions are targeted for applications such as Internet Protocol Television (IPTV), broadband TV (BBTV), video on demand (VoD), and voice over IP (VoIP)

– Gigle has R&D offices in Spain and UK, sales and marketing office in USA and customer support centers in all major regions

– Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications

– Broadcom’s products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment

– Broadcom is one of the world’s largest fabless communications semiconductor companies with 2009 revenue of $4.5 billion and holds over 4,500 U.S. and 1,900 foreign patents

– Gigle’s technology will widen the breadth of Broadcom’s intellectual property and enable the design of more highly integrated SoCs that allow whole-home network coverage in a wide variety of global deployment scenarios

– The acquisition will also accelerate Broadcom’s time to market for G.hn, a new draft specification for existing-wire home networking, developed under the International Telecommunication Union

– Powerline networking uses existing electrical wiring to create an in-home network, enabling a cost-effective and efficient method to connect multiple devices and distribute digital content throughout the home

– Gigle received inbound interest from Broadcom due to its unique product line and positioning in the home networking semiconductor market

– Arma Partners worked closely with the shareholders and management and was able to focus efforts on an accelerated process that led to closing the deal within 8 weeks of the engagement

– Arma contacted other logical potential buyers and gauged their interest in a short time frame

– Arma participated actively in the process from coordinating due diligence to assisting in the negotiation of deal documentation