ARM acquires privately-held design
firm
By Peter Clarke
EE Times
(04/10/00, 11:27 a.m. EST)
LONDON ? ARM Holdings plc (Cambridge, England) has acquire the
assets of privately-held Infinite Designs Ltd. (Sheffield, England), a
nine-person design services company with expertise in signal
processing, wireless and multimedia applications, for about $600,000,
according to ARM's first-quarter 2000 financial release.
"The acquisition of Infinite Designs will provide ARM with additional
engineering resource, particularly in the key areas of SoC
[system-on-chip] design and verification," said Warren East, vice
president of operations for ARM, based here.
"ARM has experienced unparalleled success in recent years, making it
the industry's leading provider of 16/32-bit embedded RISC processor
solutions," said Jonathan Morris, chief executive officer, Infinite
Designs. "The Infinite team has a strong working relationship with ARM
which includes past projects for the Amba [on-chip] bus and other
supporting intellectual property, and we are looking forward to
contributing toward the continued success of the company."
In the first quarter, ARM's sales revenue was up 64 percent to about
$34 million compared with about $21 million in the first quarter of
1999, and the company's profit before taxation jumped 157 percent to
about $13 million. ARM also revised upward its estimate for unit
shipments in the fourth quarter of 1999 by 10 percent to 72 million
units, bringing its total shipments in 1999 to 182 million units,
compared to 51 million units in 1998. |
