Ventures

July 31, 2007

SiRF Buys Centrality Communications

San Jose, California–based SiRF Technology expects to close this fiscal quarter on its purchase of Centrality Communications, Inc., a provider of navigation processor solutions for mobile navigation devices.

In exchange for all of the outstanding capital stock of Centrality, including equity awards, SiRF has agreed to pay $283 million in a combination of cash and shares of SiRF common stock, with the exact amount to be determined at the time of closing. The boards of directors of both companies have approved the merger.

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By Inside GNSS

Broadcom Wraps Up Global Locate Acquisition

Broadcom Corporation, an Irvine, California–based $3.67-billion fabless semiconductor company focusing on wired and wireless communications, has closed its $143 million cash deal for Global Locate, Inc.

Headquartered in San Jose, California, Global Locate is an eight-year-old, privately-held, fabless provider of GPS and assisted GPS (A-GPS) semiconductor products and software.

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By Inside GNSS
January 31, 2007

NordNav, CPS Purchase to Support Mobile Phone Effort

BlueTooth technology provider CSR, of Cambridge, United Kingdom, has acquired NordNav Technologies AB, of Sweden, and Cambridge Positioning Systems Ltd. (CPS) of also of Cambridge, UK. Taken together, the acquisitions will allow the company to provide software-based low-cost GPS suitable for mass-market mobile phones and Personal Navigation Devices (PNDs).

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By Inside GNSS

GPS Block III Contracts

The U.S. Air Force has awarded two $50 million contracts to Boeing and Lockheed Martin to execute a system design review for the next-generation GPS space segment program, GPS Block III.

The contracts come on the heels of both companies successfully completing system requirements reviews in November 2006. Those reviews, part of a $10 million follow-on order to a Phase A Concept Development Contract awarded in 2004, assessed Boeing’s and Lockheed’s ability to mitigate development and delivery risks associated with building the Block III satellites.

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By Inside GNSS

DHS Buys IEC’s 3-D Locator

L-3 Interstate Electronics Corporation (IEC), Anaheim, California, has been awarded a preproduction contract for Advanced Three-Dimension Locators by the Department of Homeland Security (DHS) Advanced Research Project Agency. The contract represents an initial step by DHS to provide a solution for accurately identifying the location of emergency response personnel in disaster or emergency situations.

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By Inside GNSS
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