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Broadcom acquires Teknovus for $123 million

Broadcom Corp. made it official Wednesday (Feb 3) it is spending $123 million to acquire startup Teknovus Inc. (Petaluma, Calif.) for its Ethernet passive optical networking technology chipsets and software.

“Today Broadcom has switching, DSL, GPON, and cable solutions in the service provider segment that span from the access to the core of the network,” said Martin Lund, general manager of Broadcom’s network switching group, speaking in a press release. “Teknovus’ products will add a key element to our existing service provider offering that will enable us to better serve our customers in this segment,” he said.

[EETimes]