March 02, 2016, anysilicon
Cisco Systems has acquired semiconductor company Leaba Semiconductor for $350-$400 million. Leaba was established in 2014 and operates in stealth mode.
According to Leaba’s website “Leaba is a fabless semiconductor company providing innovative solutions for significant infrastructure challenges. Leaba is backed by blue-chip investors and led by seasoned entrepreneurs and prominent technology experts. Leaba is assembling one of the best teams of engineering.”
The company was CEO Eyal Dagan and CTO Ofer Eini who set up and sold Dune Networks to Broadcom in 2009 for $200 million.
Cisco said, “Cisco is continually examining the best options that will allow it to provide future needs for the market, including, companies related to semiconductors. We check various strategic options including: acquisitions, partnerships and integrations. When there is any news, we will report it in the acceptable fashion.