Qualcomm to acquire Flarion Technologies
It seems to be the season of acquisitions as Qualcomm has announced plans to acquire Flarion Technologies. The deal would cost the networking giant around $600 million. Paul E. Jacobs, CEO of Qualcomm spoke to the media in a press statement: “The combination of Flarion and QUALCOMM’s engineering resources greatly strengthens our position as a continued technology innovator and leader in the wireless industry.â€
San Diego-based Qualcomm is a technological company, which specializes in Code Division Multiple Access (CDMA) technologies and with this purchase; they would attain expertise in additional mobile broadband IP solutions and products. Their new acquisition Flarion develops products like base stations, modems, embedded chipsets, and system software to create an end-to-end network for mobile operators.
Flarion develop their products on Orthogonal Frequency Division Multiplex Access technology, which is said to be a better alternative to current third-generation mobile phone instruments. Rajiv Laroia, founder and CTO of Flarion added to the comments made by Paul: “The two companies have very similar cultures and the combination of the two will be positioned very well with respect to both CDMA and OFDMA wireless technologies.â€
Flarion has been operating since 2000 and has received financial backing from a number of high-profile venture capital and telecom industry players. They are based in Bedminster, N.J.