Quorum, cellphone chip maker, sold to Spreadtrum for $70M
Spreadtrum Communications, a Shanghai maker of wireless chips, has acquired Quorum Systems, a San Diego, Calif., CMOS RF transceiver maker, and its unclear whether Quorum’s Silicon Valley investors were able to make a significant return.
The deal is valued at $70 million including $55 million in cash and $15 million in stock. It also includes a $6 million cash earn-out over two years, based on performance.
Quorum had raised almost $40 million in funding from firms like… Continue Reading
Zing, developer of WiFi mobile devices, raises $13M
Zing Systems, a Mountain View company developing WiFi mobile audio and entertainment devices that are “always connected,” and which don’t require connection to a PC, has raised $13 million in a third round of funding, according to VentureWire.
The funding, which closed last month, was led by new investor IDG Ventures Boston with participation from previous investors Redpoint Ventures and Camp Ventures. Zing Chief Financial Officer Doug Sinclair said the company has now raised less than… Continue Reading
Quantance raises undisclosed $ to develop battery technology
Quantance, a secretive Sunnyvale start-up that is developing power management technology for battery powered devices, has raised an undisclosed amount of capital, according to VentureWire.
If you go to the site, you will see that investors are Eric Zimits, of Granite Ventures
Thomas Rosch, of Interwest Partners, and Kevin Negus, Camp Ventures — all of them on the board.
Management includes Vikas Vinayak, chief executive, Serge Drogi, chief technology officer and Martin Tomasz, vice president of product architecture…. Continue Reading