US-based semiconductor company Broadcom Corporation on Wednesday bought corporate venturing-backed BroadLight, a US-based optical networking company, for $195m.
Broadcom added it would pay a further $10m if performance targets are met.
The two companies have been reported to be in negotiations since December last year. The two companies first collaborated in 2004, on optical network units to carry audio, video and other data to homes users and Broadcom was latterly among the investors in Broadlight’s last round of funding, a $12m series E round in 2007.
Broadlight’s investors also include corporate venturing units Motorola Ventures and Siemens Venture Capital, telecommunications company Tellabs, venture capital (VC) firms Azure Capital Partners, Benchmark Capital, Israel Seed Partners, VC funds Delta Partners and Star Ventures, and investment management firm Cipio Partners. Venturebeat puts Broadlight’s overall financing at $50m since its inception in 2000.
The acquisition would add to a number Broadcom has made in the past year, including semiconductor company Provigent, smart card security specialist SC Square and semiconductor developer NetLogic Microsystems, the latter for a reported $3.7bn.