Date: 24/09/2010

PLX Tech to Acquire Teranetics

PLX Technology has signed a definitive merger agreement to acquire all of the outstanding shares of capital stock of Teranetics. Teranetics is a fabless mixed-signal semiconductor vendor and is recognized for its 10 Gigabit Ethernet over copper physical layer (10GBase-T PHY) technology. Teranetics has delivered single-chip implementation of single-port and dual-port 10GBase-T PHY silicon.

Teranetics' semiconductor chips enable 10 Gigabit rates over widely installed low-cost CAT6 and CAT6a cabling.

"This acquisition installs a third leadership position into our product portfolio," said Ralph Schmitt, president and CEO of PLX. "As the market leader, Teranetics has successfully solved difficult system issues with 10 Gigabit Ethernet plaguing the data center. This has allowed them to ramp their products at critical customers. PLX is fully committed to this market and will continue to invest in future PHYs and other IP to bring high-performance system-level products to market. We welcome our new team to the PLX family, where we will share our mutual core values of leadership, excellence, integrity and winning."


"By joining forces with PLX, an established leader in server and data center connectivity, Teranetics gets the framework essential to scaling our business and strengthening our ability to win," said Nersi Nazari, president and CEO of Teranetics. "With our combined portfolios of enterprise PCI Express switches and 10G Ethernet PHYs, and our common customer base, we envision the newly merged company dominating the backbone of the data center market."