| Type | Public |
|---|---|
| NASDAQ: IKAN | |
| Industry | Semiconductors |
| Fate | Acquired by Qualcomm Atheros |
| Founded | 1999 |
| Headquarters | Fremont, California, USA |
Key people | Dado Banatao, CEO |
Ikanos Communications Inc (NASDAQ:IKAN) has acquired the assets of the Broadband Access product line from Conexant Systems, Inc. (NASDAQ: CNXT) for $54M partially funded by a sale of $42M in common stock at $1.75 per share to Tallwood Venture Capital. Omid Tahernia is Former President/CEO at Ikanos Communications Inc. See Omid Tahernia's compensation, career history, education, & memberships.
Ikanos Communications, Incorporated, was a provider of semiconductor and software products for use in homes. It was headquartered in Fremont, California. The company’s digital subscriber line, communications processors and other products were used in customer premises equipment from network equipment manufacturers and telecommunications service providers.[citation needed]
Ikanos Network Provider
History[edit]
On December 10, 2001, the founder and chief technology officer of Ikanos, Behrooz Rezvani, announced he was editor of the Institute of Electrical and Electronics Engineers (IEEE) draft standard for Ethernet in the first mile over copper.[1]
On August 24, 2009 Ikanos acquired Conexant's Broadband Access product line for about $54 million in cash. It also announced an investment of $42 million from Tallwood Venture Capital.[2]
In June 2010, John Quigley replaced Michael Gulett as chief executive (who left in April). He was the fifth CEO in six years.[3]
A U.S. appeals court on May 25, 2012 revived a shareholder lawsuit accusing Ikanos of failing to properly disclose known defects in its semiconductor chips at the time it was conducting a 2006 stock offering.[4]
In August 2015, Ikanos was acquired[5] by Qualcomm Atheros in a deal worth around $47 million, with Qualcomm taking on $20 million of liabilities from Ikanos.[6]In August 2016 Qualcomm Atheros has closed its recently acquired Ikanos operations.[7]
References[edit]
- ^'Ikanos Founder Gets IEEE Task'. Press release. December 10, 2001. Retrieved October 23, 2013.
- ^'Ikanos Communications Completes Acquisition of Broadband Access Product Line from Conexant Systems, Inc'. Press release. Ikanos. August 24, 2009. Archived from the original on October 28, 2013. Retrieved October 23, 2013.
- ^Craig Matsumoto (June 8, 2010). 'Ikanos Names Sixth CEO'. Light Reading.
- ^Reuters (May 25, 2012). 'U.S. court revives shareholder case against Ikanos'. Retrieved October 23, 2013.
- ^'Qualcomm to Acquire xDSL and G.fast Networking Technology Provider Ikanos'. Press release. Qualcomm. Aug 6, 2015.
- ^'Qualcomm acquires G.fast chip company Ikanos for $47 million'. Aug 6, 2015.
- ^'Qualcomm Closes Ikanos & Its G.fast Operations'. Aug 3, 2016.
(NYSE: ADI), including ADSL ASICs. The all cash transaction is valued at approximately $30 million, subject to customary closing adjustments. The acquisition includes these broadband gateway products, and the related technology, intellectual property, and development and support teams. The acquisition is expected to close, subject to the satisfaction or waiver of certain conditions, by the end of the first quarter of 2006.
The acquisition will enable Ikanos to deliver the highest performance VDSL residential gateway solution currently available. Designed to deliver 200 Mbps of sustained throughput when performing routing, firewall and VPN operations, the Fusiv(R) gateway processor is an ideal complement to Ikanos' VDSL PHY solutions. The acquisition is expected to extend Ikanos' existing Layer 1 capabilities with essential Layer 2 through Layer 7 gateway technologies including routing, security, wireless LAN, VoIP, and Quality of Service.
'This transaction is an important, logical step in Ikanos' strategy and significantly enhances our ability to capitalize on worldwide demand for video services,' said Rajesh Vashist, chairman and CEO of Ikanos. 'Ikanos gains a full suite of gateway products spanning a broad range of carrier requirements, and enhances its R&D capabilities through the addition of a tremendously talented technical team.'
Ikanos can leverage the Fusiv gateway products with existing VDSL2 solutions to reduce OEMs' development costs and time to market. Furthermore, with over 20 design wins worldwide, the acquired business expands and diversifies Ikanos' customer base. In particular, the Fusiv platform was selected by Sagem to power their range of gateway products, which are shipping in volume to deliver video and voice services to residential subscribers.
'Sagem selected the Fusiv processor for our triple-play gateways because it is the highest performance solution available in the market, and is scalable across a wide range of data, voice, and video services,' said Patrick Sevian, Deputy CEO of Sagem Communication. 'The future relies on the delivery of HDTV-based video over VDSL, and the Fusiv processor combined with Ikanos' VDSL products is an ideal solution for providing high-value multi-play services.'
In a separate release:
BEDFORD, Mass. -- Aware, Inc. (NASDAQ:AWRE) , a worldwide leader and innovator of broadband intellectual property, today announced Ikanos Communications, Inc. (NASDAQ:IKAN) as an Aware licensee, subject to the closing of Ikanos' purchase of the network processor and ADSL ASIC product lines of Analog Devices, Inc. (ADI). Ikanos announced earlier today that it intends to acquire certain products that ADI and Aware have co-developed based upon Aware's technology, including the market-leading StratiPHY2+(TM)-based CPE (customer premises equipment) ADSL2+ products.
'ADSL2+ is an important mainstream broadband technology, and we are excited about strengthening our product portfolio through the addition of Aware's StratiPHY2+ technology,' said Rajesh Vashist, chairman and CEO of Ikanos Communications. 'We look forward to working with Aware to support the customer base, and to bring new products to market to meet evolving customer needs.'
Ikanos Network & Wireless Cards Driver Download For Windows 10
Ikanos Communications Inc. (Nasdaq: IKAN)Analog Devices Inc.
Aware Inc.
Ikanos Network & Wireless Cards Driver Download For Windows