Alphawave has written a cheque to buy Precise-ITC an emerging leader in the Ethernet and Optical Transport Network (OTN) communications connectivity IP space.
The company had just finished the consolidation of its VeriSilicon reseller relationship with WiseWave to provide one interface to customers in China, in line with the plan communicated at the time of Alphawave IP’s IPO
The company said that buying Precise-ITC will result in the addition of a team of leading engineers focused on delivering a high-performance Ethernet and OTN communications controller IP portfolio.
This will provide Alphawave’s customers with an integrated IP bundle of Alphawave IP and Precise-ITC technology that extends Alphawave IP’s leadership in the networking and data centre markets.
The combined Alphawave IP and Precise-ITC IP solutions have already been integrated and fabricated in silicon products for several of Alphawave IP’s Product IP customers. The acquisition is Alphawave IP’s first such transaction since the completion of its IPO in May 2021.
