NORWOOD, Mass.--(BUSINESS WIRE)--
Analog Devices, Inc. (stock symbol: ADI) today announced that it has
acquired Multigig, Inc., a small, privately-held San Jose, California,
company specializing in highly innovative high-performance clocking
technology. The acquisition will enhance ADI's clocking capabilities in
stand-alone and embedded applications, and will strengthen ADI's
industry-leading position in delivering high-speed data converters and
signal processing solutions for our customers.(visit
ADI's clock and timing portfolio page)
"The acquisition of Multigig fits squarely in the middle of our
high-speed signal processing strategy and will further strengthen our
portfolio of very high performance stand-alone and integrated clocking
solutions," said Peter Real, ADI vice president of Linear and Radio
Frequency products and technology. "Continually evolving end markets
such as wireless and wire line communications place ever more stringent
demands on signal processing solutions and high-performance clocking
capabilities are critical to meeting customers' system requirements."
Analog Devices acquired Multigig, Inc. in a cash transaction completed
on March 30, 2012. The engineers will become part of ADI's existing
clock design team and will move to ADI's San Jose, CA facility.
About Analog Devices
Innovation, performance, and excellence are the cultural pillars on
which Analog Devices has built one of the longest standing, highest
growth companies within the technology sector. Acknowledged
industry-wide as the world leader in data conversion and signal
conditioning technology, Analog Devices serves over 60,000 customers,
representing virtually all types of electronic equipment. Analog Devices
is headquartered in Norwood, Massachusetts, with design and
manufacturing facilities throughout the world. Analog Devices is
included in the S&P 500 Index.
This release may be deemed to contain forward-looking statements
intended to qualify for the safe harbor from liability established by
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, among other things, our statements
regarding expected benefits of our acquisition of Multigig and expected
advances in our technology and product development efforts, that
are based on our current expectations, beliefs, assumptions, estimates,
forecasts, and projections about the industry and markets in which
Analog Devices operates. The statements contained in this release are
not guarantees of future performance, are inherently uncertain, involve
certain risks, uncertainties, and assumptions that are difficult to
predict. Therefore, actual outcomes and results may differ materially
from what is expressed in such forward-looking statements, and such
statements should not be relied upon as representing Analog Devices'
expectations or beliefs as of any date subsequent to the date of this
press release. Important factors that could cause actual results to
differ materially from the results described, implied or projected in
any forward-looking statements include: sovereign debt issues globally,
any faltering in global economic conditions and financial markets,
erosion of consumer confidence and declines in customer spending,
unavailability of raw materials, services, supplies or manufacturing
capacity, changes in geographic, product or customer mix, adverse
results in litigation matters, and other risk factors described in our
most recent filings with the Securities and Exchange Commission. We
do not undertake any obligation to update forward-looking statements
made by us.
Analog Devices
Jim Surber, 336-605-4365
jim.surber@analog.com
Source: Analog Devices, Inc.
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