Cypress to Acquire Lara Networks

SAN JOSE, Calif. -- Cypress Semiconductor (NYSE:CY) today announced that it has signed a definitive agreement to acquire Lara Networks Inc., an industry leader in high-performance, silicon-based packet processing solutions for WAN infrastructure equipment. Lara's solutions target switches, routers and multiservice gateways handling multiple high-speed protocols up to OC-768 and including 10-Gigabit Ethernet. Lara's products are highly complementary to Cypress's existing product line for wide-area-network (WAN) infrastructure equipment, which includes a variety of physical-layer, framing, programmable-logic, timing-technology and multiport switching solutions for networking linecards."As packet processing becomes more complex amid increasing voice, data and video traffic in the network, the need to use NSEs to quickly and efficiently manage information across the linecard becomes a requirement and not an option," said T.J. Rodgers, Cypress president and CEO. "Lara's product line fills out Cypress's portfolio of networking solutions, enables us to further penetrate a key, fast-growing communications market, and represents another milestone in our plans to compete head-to-head with pure-play data communications companies." Cypress Semiconductor Corp.