Venture-Backed ViXS Prepares to Go Public

Toronto-based ViXS Systems Inc., a semiconductor company which designs and develops high-performance media solutions, has entered into a going-public transaction whereby a subsidiary of ViXS will amalgamate with capital pool company W7 Acquisition Corp. Upon completion of the transaction, W7 shareholders will ultimately receive common shares of the publicly-traded ViXS. ViXS was founded in 2001 with the backing of Celtic House Venture Partners. Its other investors include Export Development Canada, New Enterprise Associates and Novacap.

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