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In connection with the acquisition, Broadcom issued an aggregate of 839,467 shares of its Class A common stock in exchange for all outstanding shares of Allayer's preferred and common stock and reserved 426,980 additional shares of its Class A common stock for issuance upon exercise of outstanding employee stock options and other rights of Allayer.
In addition to the purchase consideration, Broadcom reserved 756,900 shares of its Class A common stock for future issuance to customers upon the exercise of outstanding performance-based warrants of Allayer that become exercisable upon satisfaction of certain customer purchase requirements.
Broadcom(R), Allayer Communications, and the pulse logo are trademarks of Broadcom Corporation and/or its affiliates in the United States and certain other countries.
During the past year, Allayer has refocused its activities from the LAN switching area to WAN switching products and technology, and has achieved key design wins and strategic relationships with a number of the major enterprise and optical infrastructure suppliers, as well as with many emerging high-growth, optical networking startups.
The combined capabilities and resources of Allayer and Broadcom will bring highly integrated system solutions to the optical communications marketplace," said Dr.
With its acquisition of Allayer and the recent acquisitions of NewPort Communications (WAN physical layer/transceiver technology) and Silicon Spice (gateway and carrier access chip sets), Broadcom is rapidly widening its product portfolio for next-generation WAN systems.
23 million shares of its Class A Common Stock in exchange for all outstanding shares of Allayer's Preferred and Common Stock and upon exercise of outstanding employee stock options and other rights of Allayer Communications.
Allayer Communications is a leading producer of high bandwidth network ICs for the enterprise and optical network.
Note to Editors: RoX(TM) and RoX-II(TM) are trademarks of Allayer Communications.
In conjunction with the addition of a new CFO, Allayer Communications today announced that it raised an additional $12.
By partnering with Wind River, Allayer is changing the rules for developing high-performance managed Ethernet switching solutions for edge networking," said Claus Stetter, Marketing Manager at Allayer Communications.