Browse by Manufacturer: Basis Communications (Aquired by Intel)
Manufacturer Code: BASIS
SANTA CLARA, Calif., March 21, 2000 - Intel Corporation today announced it has entered into a definitive agreement to acquire privately held Basis Communications Corporation in a transaction valued at approximately $450 million in cash and assumed options. The acquisition supplements Intel's lineup of leadership communications component and software products and immediately expands Intel's network processor line. Basis designs and markets advanced semiconductors and other products used in equipment that directs traffic across the Internet and corporate networks. The company's Service-Specific Network Processors⢠and related software are targeted for a range of "network access" systems (such as switches linking local area networks to the Internet) and customer premise equipment (CPE) used in homes and small to medium-size offices. Growth rates for communications equipment used in homes and small to medium-size businesses are expected to increase significantly with the widespread deployment of digital subscriber line (DSL) technologies and data-over-cable services. Intel plans to incorporate Basis' network processor technology into the Intel® Internet Exchange⢠(IX) architecture in order to pursue these opportunities. "The acquisition of Basis allows us to supplement the IX architecture with a network processor specifically designed for customer premise equipment, such as residential gateways and routers built to take advantage of DSL deployment," said Tom Franz, Intel vice president and general manager, Network Processing Group. "Intelligent systems based on this technology will help enable businesses and homes to take full advantage of new services made possible by high bandwith connections to the Internet."
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