Exar Corp Buying Neterion

Exar Corp. (Nasdaq: EXAR) has agreed to acquire Neterion, a Sunnyvale, Calif.-based provider of 10 Gigabit Ethernet network adapter solutions optimized for virtualized data centers. The deal is valued at between $10 million and $11 million. Neterion has raised around $65 million in VC funding, from Menlo Ventures, VenGrowth, BDC and JAFCO Ventures.

9 February 2010•3 mins read
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