VC-Backed Bust: Tessera Buying Siimpel for $15 Million
Tessera Technologies Inc. (Nasdaq: TSRA) has agreed to acquire Siimpel Inc., an Arcadia, Calif.-based maker of integrated optical microsystems. The deal is valued at $15 million in cash. Siimpel had raised over $75 million from firms like Motorola Ventures, NTT DOCOMO, DFJ, Global Catalyst Partners, LG Innotek, Portage Venture Partners, Scale Venture Partners, Sun America Ventures and Zone Venture Partners.
5 May 2010•2 mins read
