QUALCOMM to Acquire Spike Technologies

QUALCOMM agreed to acquire Spike Technologies, a start-up based in Milpitas, California with facilities in Bangalore, for $19 million in cash. Spike Technologies, founded in 1994 by Nikhil Modi and Pradeep Vajram, specializes in physical design for deep submicron process technologies, circuit development, and design and verification engineering for pre-silicon design debug and analysis. The company will be integrated into QUALCOMM CDMA Technologies (QCT) and help QUALCOMM further address the increasing demand for faster time to market of more feature-rich products in 90 nanometer (nm) and below process technologies. http://www.qualcomm.com