Product category: Intellectual Property Cores
News Release from: MIPS Technologies
Edited by the Electronicstalk Editorial Team on 19 July 2002
MIPS acquires Algorithmics
MIPS Technologies has acquired the UK-based GNU tool chain company Algorithmics
"The acquisition of Algorithmics underscores our commitment to lead the MIPS ecosystem", said John Bourgoin, chairman and CEO of MIPS Technologies. "This team brings to MIPS an important set of skills which enhance MIPS' ability to provide more complete and more highly tuned system solutions.
This article was originally published on Electronicstalk on 19 July 2002 at 8.00am (UK)
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This is an important step forward for our company as we grow our solutions capabilities and deliver on our promise to deliver value to the embedded industry".
MIPS Technologies and its subsidiaries will hire all Algorithmics employees, continue Algorithmics' existing business, and also acquire the affiliated company DFS3 Limited.
Terms of the transaction were not disclosed.
"This transaction solidifies the long relationship between our companies and highlights our excellent track record of delivering and supporting GNU products for MIPS customers", said Dominic Sweetman of Algorithmics.
"Now our teams will combine to work even closer with the top engineering talent at MIPS Technologies to enable powerful MIPS-based consumer and networking applications that drive the user experience".
"This acquisition not only brings assets and technology to MIPS, but a team with close to two decades of experience in developing compilers, tools, systems, and hardware solutions for the MIPS community", said Mike Uhler, vice president of architecture and software for MIPS Technologies.
"Combined with MIPS' proven abilities in architecture and processor design we believe that this acquisition is truly synergistic".
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