IDT to Acquire Solidum

SANTA CLARA, Calif. -- IDT(tm) (Integrated Device Technology, Inc.; Nasdaq: IDTI), a leading communications IC company and the leading provider of network search engines, and Solidum Systems, a leading provider of classification and content inspection processing solutions, today announced the signing of a definitive agreement for IDT to acquire Solidum. Solidum brings technology expertise and intellectual property that is complementary to IDT's packet-processing strategy. Their products work in conjunction with IDT's network search engines and bolster IDT's ability to deliver deep packet classification and more intelligent packet-processing solutions. Pending Solidum shareholder and regulatory approvals, the acquisition is expected to close within a month. The financial terms of the agreement are not being disclosed. "Packet processing is a vital element in delivering differentiated network services, and IDT believes deep packet inspection and complex classification will play a key role in accelerating intelligent packet processing in future networking equipment," said Greg Lang, IDT's president and CEO-elect. "This acquisition allows us to strengthen our packet-processing offering and extend our existing partnership with Solidum. Their deep packet classification technology is synergistic with our existing search engine capabilities and positions IDT to not only accelerate, but also add more intelligence to packet processing." "The Solidum acquisition is a natural extension for IDT and delivers complementary products to their current portfolio," said Jag Bolaria, senior analyst at The Linley Group. "With the ability to provide more intelligence at the next level of packet processing, IDT is well-positioned to differentiate itself from other network search engine vendors and expand into new market segments such as content switches and Layer-7 security devices." Integrated Device Technology Inc. (IDT) Solidum Systems Corp.