SMSC to acquire Tallika design services team

HAUPPAUGE, USA: SMSC announced that it has signed an agreement to acquire Tallika Corp. (Tallika), a team of approximately 50 highly skilled engineers located in design centers in Chennai, India and Phoenix, Arizona.

This team will bring to SMSC a broad set of capabilities, including SoC and software development. The Tallika and SMSC teams have previously worked together on various projects including transceiver development, chip design and pre-silicon verification.

SMSC has agreed to pay approximately $3.4 million to purchase Tallika. The acquisition is expected to be non-dilutive and to close in August 2009.

“Tallika will play a significant role in accelerating our product roadmaps and brings a breadth of expertise in a mix of engineering disciplines including hardware, software, systems, digital design and verification/validation,” said Christine King, President & CEO of SMSC. “Adding this talented group of engineers to our strong design expertise in the US should expand our opportunities for market share growth, particularly with USB 3.0 and other connectivity solutions.”

“We are excited about the opportunity to join the talented engineers at SMSC and look ahead to many growth opportunities,” said Hemi Bhatnagar, President & CEO of Tallika Corp. “Coupling our portfolio of connectivity IP and design expertise with SMSC’s broad array of applications knowledge in the consumer, PC and automotive industries is a natural fit. Together, we expect to drive greater expansion of SMSC’s product roadmaps.”