Broadcom Corporation agreed to acquire Octalica, a start-up specializing in silicon solutions for MoCA (Multimedia over Coax Alliance) home networking applications. MoCA enables distribution of high quality digital multimedia content throughout the home over existing coaxial cable.
In connection with the acquisition, Broadcom expects to pay approximately $31 million in cash in exchange for all of the outstanding shares of Octalica’s capital stock and other rights of Octalica. Octalica is headquartered in Newton Centre, Massachusetts, with an R&D team in Tel Aviv, Israel. The company has 27 employees overall.
“MoCA is a key technology that has gained significant traction with our OEM customers and the major cable, satellite and telecommunications service providers in the U.S., who have shown a clear preference for in-home coax networking,” said Dan Marotta, Senior Vice President and General Manager of Broadcom’s Broadband Communications Group.
http://www.broadcom.com
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