Here is the press release from NurLogic:
biz.yahoo.com
Monday January 22, 8:04 am Eastern Time
Press Release
SOURCE: NurLogic Design, Inc.
NurLogic Extends Intellectual Property Connectivity Capabilities With $5 Million Investment From Rambus
Strategic Partnership Between Leading IP Providers Fuels Further Innovation In Semiconductor Connectivity Technology
SAN DIEGO, Jan. 22 /PRNewswire/ -- NurLogic Design, Inc., a privately held, high-growth, semiconductor technology and intellectual property (IP) company, today announced the close of a $5 million round of corporate financing from Rambus Inc., (Nasdaq: RMBS - news), the leading provider of high- bandwidth chip-connection technologies. This investment marks the first outside funding for the four-year-old profitable company, and will be applied towards the further expansion of technology, marketing, and business development of NurLogic's connectivity and communications product roadmap.
``This investment was a natural fit given the synergy between the companies' business models, high-speed I/O technologies, and shared vision for future connectivity requirements,'' said Kevin Donnelly, vice president of the Network Connections Division for Rambus Inc. ``As part of the agreement, both companies will work together to ensure NurLogic's future products interface with Rambus' serial link technologies for broader industry deployment.''
``NurLogic has been seeking a strategic investor in order to more fully exploit today's explosive growth in the connectivity and communications markets,'' said Dave Matty, Ph.D., NurLogic's president and CEO. ``Rambus is an ideal partner for us in that they offer the potential for product collaboration based on a shared vision for high-speed connectivity. NurLogic will also benefit from the experience of Rambus' successful pioneering work in the IP industry.''
ABOUT NURLOGIC DESIGN, INC.
NurLogic Design, Inc. provides a broad range of semiconductor technology products to leading companies in the networking and communications industries. NurLogic products are targeted at CMOS and silicon germanium technologies, and include high speed connectivity IP, analog and mixed-signal IP, embedded memory cores, foundation IP, and ASIC and ASSP products. NurLogic is a privately held corporation headquartered at 9710 Scranton Road, Suite 380, San Diego, CA 92121. Further information on NurLogic can be found on the web at www.nurlogic.com or by calling 1-877-NURLOGIC.
SOURCE: NurLogic Design, Inc. |
