(September 22, 2010 – BUSINESS WIRE) — Applied Micro Circuits Corporation, AppliedMicro (NASDAQ: AMCC), completed its acquisition of TPACK A/S of Copenhagen, Denmark. AppliedMicro has paid $32 million in cash and will offer up to $5 million in cash earn-outs depending upon TPACK revenue and product development milestones scheduled over the next 18 months.
The transaction is expected to be profit neutral, excluding transaction costs, for the AppliedMicro fiscal year ending March 31, 2011. TPACK will continue to operate from its Copenhagen headquarters as a wholly owned subsidiary of AppliedMicro.
TPACK delivers cutting-edge Silicon ICs providing core data transport and switching functions to leading Telecom and Networking equipment suppliers. TPACK’s SOFTSILICON products support the fastest deployment of new Carrier Class Packet and Optical Network standards, providing flexible, cost and power effective implementations throughout the life of the equipment. TPACK’s customer base includes Tier 1 equipment providers who account for more than 50% of the optical transport equipment market.
AppliedMicro provides energy-conscious communications and computing solutions for telco, enterprise, data center, consumer and SMB applications. Visit the company’s Website at www.apm.com
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