LONDON NetLogic Microsystems Inc. has bought, for $12 million in cash, a portfolio of network search engine products from Cypress Semiconductor Corp.
The portfolio being acquired by Net Logic (Mountain View, Calif.) extends its already strong position in the high-volume desktop switching market.
Ron Jankov, president and CEO of NetLogic, said the company believes the desktop switching market "is on the cusp of significant growth in the coming years."
For Cypress (San Jose, Calif.) "the sale of our network search engine assets is part of our overall strategy to focus on programmable products and solutions," said T.J. Rodgers, president and CEO of the company.
With the addition of Cypress' portfolio of devices for desktop switching, NetLogic says it now has "the industry’s most complete and most advanced portfolio of knowledge-based processors and network search engine solutions, spanning Layer 2 through Layer 7 networking."
It adds the scale and scope of the operation allows it to expand its R&D investments in the sector.