Sept. 3, 2002 – Sunnyvale, CA – MoSys Inc., a provider of high density SoC embedded memory solutions, has completed its acquisition of ATMOS Corp.
The acquisition will enable MoSys to expand its engineering capabilities and facilitate development of additional 1T-SRAM product offerings. Further, the ATMOS team’s experience in compiler technology will enhance the proliferation of MoSys’ 1T-SRAM technology to a broader base of customers.
Based on the final terms of the agreement, MoSys will pay approximately $12 million in cash along with a distribution of 61,729 shares of common stock to ATMOS employee shareholders, subject to their continued employment after the acquisition.
“We are very pleased to have finalized this acquisition and we believe the integration of the ATMOS engineering talent and their expertise in embedded memory and memory compiler technology will further accelerate our penetration in the SoC market,” commented Fu-Chieh Hsu, president and CEO of MoSys. “In addition to expanding our engineering core and R&D roadmap, we will also be able to devote more resources to SoC design requirements while providing the best possible support for our customer base.”