SiRF buys Centrality, maker of chips for mobile navigation, for $283M

June 22, 2007 | Matt Marshall

updated

Venture-backed Centrality Communications Inc., a maker of chips used in mobile navigation devices, has agreed to be acquired by publicly traded SiRF Technology Holdings for $283 million in cash and stock.

SiRF Technology Holdings, of San Jose, Calif., has agreed to acquire Centrality Communications, a maker of chips for mobile navigation, for $283 million in stock and cash.

Centrality Communications, of Santa Clara, Calif, had raised roughly $50 million in venture capital, including from Acer Venture Partners, Enspire, Focus Ventures, Harbinger Venture Management, iD SoftCapital, Menlo Ventures, Venture Tech Alliance and Walden Internatonal.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.