....of NetLogic Microsystems, Inc. (NASDAQ: NETL), a provider of high performance intelligent semiconductor solutions for next generation networks. The combination enables Broadcom to deliver best-in-class, seamlessly integrated network infrastructure platforms to its customers, reducing both time-to-market and development costs. The addition of NetLogic Microsystems also extends Broadcom's infrastructure portfolio with key technologies, including multi-core embedded processor and knowledge-based processor solutions, both critical enablers of the next generation infrastructure build-out.
Ron Jankov, former president and CEO of NetLogic Microsystems, joins Broadcom as a Senior Vice President and General Manager, reporting to Rajiv Ramaswami, Broadcom's Executive Vice President and General Manager, Infrastructure & Networking Group. NetLogic Microsystems' 700-plus employees will immediately become part of Broadcom. The transaction, announced on September 12, 2011, cleared all required regulatory reviews and was approved by NetLogic Microsystems' stockholders. Broadcom will include NetLogic Microsystems' contribution to financial performance in the company's first quarter earnings announcement.