Monday, March 7, 2005
Broadcom said that it has spent 32 million to acquire Zeevo Inc., a privately held provider of semiconductor and software solutions to Bluetooth headsets.
The acquisition also complements the Irvine, Calif.-based company's already strong Bluetooth presence in cell phones, software, mouse/keyboard and PCs, most notably with its Blutonium line. According to In-stat, this puts Broadcom in the top three Bluetooth markets: mobile phones, headsets and PCs, respectively.
"The acquisition of Zeevo speeds our entry into the huge market for Bluetooth headset devices with a dedicated solution that complements our targeted offering of Bluetooth products," said Robert A. Rango, group VP of Broadcom's mobile and wireless group, in a statement. "Adding the Zeevo solutions rounds out our portfolio as we aim for leadership in the top three segments of the growing Bluetooth market."
Zeevo is located in Santa Clara, Calif., and has approximately 50 employees.
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