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Staccato announces merger
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20/11/2008
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Ultra wideband (uwb) and wireless usb (wusb) specialist, Staccato Communications has completed a merger with Artimi, a developer of uwb and wusb software and hardware solutions. The combined company will maintain the Staccato Communications name.
Staccato has also announced that it has closed $20million in a new round of equity financing. Among the investors are Allegis Capital, Intel Capital and Vision Capital. Marty Colombatto will maintain the role of ceo for Staccato and Artimi’s previous ceo, Andrew Vought, will assume the role of coo.
“As a result of this merger, we now have all the silicon and software assets necessary to the drive the mass adoption of uwb in the largest semiconductor markets that exist today – personal computers (PCs), PC peripherals, consumer electronics and mobile handsets,” said Marty Colombatto, ceo of Staccato. “This is reminiscent of my experience at Broadcom where we enjoyed explosive revenue growth by driving the adoption of new Ethernet technologies by offering customers unprecedented levels of integration, functionality, performance and cost.”
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Author
Chris Shaw
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