View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 15, 2000

Globespan To Acquire Icompression, Inc.

COMPANY PRESS RELEASE: GlobeSpan, Inc. a leading provider of integrated circuit, software, and system designs for digital subscriber line applications, today announced that it has signed a definitive agreement to acquire iCompression, Inc., a leading developer of advanced technology for voice, video and data applications for broadband infrastructure including Voice over Packet, based in Santa Clara, CA.

By CBR Staff Writer

ICompression has developed a unique application-specific programmable processor architecture that is targeted at high-compute, high-aggregation, data set intensive algorithms. This expertise enables iCompression to break density and performance barriers, allowing the development of new products offering unprecedented functionality.

Using patented techniques and a system level design methodology iCompression’s system-on-a chip solutions achieve much higher system performance than existing industry solutions by combining dedicated cores for hardware acceleration along with customizable programmable digital signal processors (DSPs). This allows iCompression to address multiple markets by re-targeting the technology for each new product.

iCompression is currently focused on the exploding Voice over Packet market for which it is developing best in class solutions including silicon, firmware, software drivers and reference designs that will dramatically reduce customers time to market while enabling unprecedented functionality and channel density.

iCompression’s expert resources, DSP and algorithm capabilities will further enable GlobeSpan to achieve highly integrated solutions for voice, video and data applications for the DSL equipment vendors.

iCompression’s resources and capabilities will strengthen our ability to execute on our strategy to expand our product offering to DSL equipment manufacturers, said Armando Geday, GlobeSpan’s President and CEO. This strategic merger allows us to accelerate our development with fully integrated system-on-a-chip product for the VoDSL and VoIP markets.

We are pleased to join GlobeSpan, said Neal Margulis, iCompression’s CEO, We will augment their capabilities with advanced technologies, resources and products that can further enhance their market leading offerings.

GlobeSpan will exchange approximately 4.0 million shares of its common stock and plans to retain all of iCompressions’ 55 employees. The transaction is expected to close in the second quarter.

Content from our partners
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester
Infosecurity Europe 2024: Rethink the power of infosecurity

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU