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Broadcom completes acquisition of LVL7 Systems
January 3, 2007
IRVINE, Calif. -- Broadcom Corporation (NASDAQ:BRCM) , a global leader in semiconductors for wired and wireless communications, today announced that it has completed the acquisition of LVL7 Systems, Inc, a privately-held developer of production-ready networking software that enables networking original equipment manufacturers (OEMs) and original design manufacturers (ODMs) to reduce development expenses and compress development timelines.
On November 29, Broadcom announced a definitive agreement to acquire LVL7, noting that LVL7's FASTPATH(R) family of software will enable Broadcom to enhance its existing product offering in the small-to-medium-sized business (SMB) market segment. OEMs targeting the SMB market will benefit from the additional software capability that Broadcom is adding to its existing platforms because a complete software solution enables those customers to get new systems to market quickly and cost effectively.
Broadcom Corp. (Nasdaq: BRCM)
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