Monday, March 29, 2004
Intel Corp. has acquired Israeli wireless networking chip maker Envara for about $40 million, according to a local report The Marker.com
A spokesperson for Intel would not comment on the report when contacted by CommsDesign.com late Friday.
Envara is a fabless chip designer company formed in March 2000 that focuses on wireless networking devices. Last year it launched its WiND series of multimode Wi-Fi chip sets. The two-chip WiND 502 is an 802.11a/b/g product, while the WiND 512 is based on the 802.11b spec
Users of the low-power WLAN chips include Taiwanese group Ali Corp., which uses it in a client-side LAN controller.
Envara is headquartered in Ra'anana, Israel, with offices in Redwood City, Calif., and Taipei. It employs about 70 people and has raised almost $40 million from several venture capital groups.
Envara was founded by Gideon Barak, formerly the chief executive at Butterfly and DSP Communications, and Izik Kirshenbaum, formerly an official at the Israeli defense ministry, and now Envara's chief executive and president.
Barak, a serial entrepreneur, also cofounded Butterfly, which developed short-range wireless communications technologies. Itwas sold in 1999 to Texas Instruments for $50 million.
Last November Intel acquired wireless networking chip maker Mobilian for an undisclosed sum. Mobilian developes TrueRadio, a chip set that offers both 802.11b and Bluetooth wireless connectivity and allows the protocols to coexist despite sharing the same 2.4-GHz frequency band.
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