22 March 2011 Broadcom acquires Provigent for $313million Wireless communications specialist Broadcom has acquired Provigent for approximately $313million. According to Rajiv Ramaswami, pictured, executive vice president and general manager of Broadcom's Infrastructure and Networking group, with the addition of Provigent's engineering background in microwave radio products, the company aims to expand its portfolio to more thoroughly address the $5billion microwave backhaul equipment business. "Provigent is a unique asset with world class microwave backhaul technology and strong engineering talent developing innovative and highly integrated semiconductor solutions for the microwave segment," he said. "Combining their microwave backhaul solutions with our industry leading network infrastructure and wireless solutions allows us to better serve our customers and expand our addressable market." The transaction is expected to close in Broadcom's second quarter of 2011. Author Laura Hopperton Comment on this article Websites http://www.broadcom.com/ Companies Broadcom UK Ltd This material is protected by Findlay Media copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. Enjoy this story? People who read this article also read... Arrow buys Nu Horizons Arrow is buying Nu Horizons in an all cash deal which values the ... Read Article Claire Jeffreys, NEW Claire Jeffreys, events director, National Electronics Week, ... Read Article Southern Manufacturing This year, Southern Manufacturing and Electronics is set to be ... Read Article NIDays 2013 NIDays is a technical conference designed specifically for ... Read Article What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.