Tech Company M&A Transactions
Quorum Systems Acquisition
Quorum Systems, operating out of San Diego, was acquired by Spreadtrum Communications. Deal value was $76 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/18/2007
Transaction Type
M&A
Amount
$76,000,000
M&A Terms
Under terms of the agreement, Spreadtrum will pay $55 million in cash and $15 million in stock to Quorum's shareholders, with up to an additional $6 million in cash for performance based earn-outs expected to be achieved over the next two years.
Company Information
Company Status
Acquired or Merged
Industry
Wireless
Mailing Address
9330 Scranton Road 450
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Website
Email Address
Not Recorded
Overview
Quorum Systems has been developing world-class CMOS low-power, high-integration Cellular Transceivers since 2003. Today, Quorum's transceiver product range includes attractive solutions for 2G, 2.5G and 3G offering designers of mobile handsets and pico/femto-cell basestations the ability to differentiate their products.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bernard Xavier
Chief Technical Officer
Lon Christensen
VP - Bus. Development
James Benefer
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