Analog Devices has announced that all closing conditions were met with respect to its agreement to acquire certain intellectual property assets of TTPCom Limited, and that the transaction closed on June 16, 2006. Under the terms of the agreement, TTPCom transferred to Analog Devices intellectual property, engineering resources, and related assets associated with the support and customisation of TTPCom’s GSM/GPRS/EDGE modem software for use on Analog Devices’ existing and future generations of SoftFone® baseband processors. The agreement also provides to Analog Devices development rights for AJAR, TTPCom’s advanced applications platform. As a result of this transaction, Analog Devices becomes the single point of contact for both hardware and software support for its new and existing wireless handset customers, thus improving Analog Devices’ abilities to service individual customer’s needs. The IP transfer is valued at approximately US$23mn.
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