Exar Corp Buys Galazar Networks

Exar Corp. (Nasdaq: EXAR) has acquired Galazar Networks Inc., an Ontario, Canada-based fabless semiconductor company. No financial terms were disclosed. Galazar had raised around C$30 million in VC funding since 2001, from firms like Skypoint Capital Corp., VenGrowth Capital Partners, Katsura Investments, Desjardins Venture Capital Group, RBC Capital Partners and Goldman Sachs.

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