Intersil Buys Zilker Labs

Intersil Corp. (Nasdaq: ISIL) has agreed to acquire Zilker Labs Inc., an Austin, Texas-based maker of power conversion ICs. No financial terms were disclosed. Zilker had raised around $33 million in VC funding since 2003, from firms like H.I.G. Ventures, North Bridge Venture Partners and Sevin Rosen Funds.

North AmericaUSBriefs