Rambus has acquired the assets of Semtech’s Snowbush IP for $32.5 million as well as additional payments based upon specific new product sales through the end of 2022. Snowbush IP, formerly part of Semtech’s Systems Innovation Group, offers silicon-proven, high-performance serial link solutions. More specifically, the company has a long history of providing advanced analog and mixed-signal IP for ASSP, ASIC, and SoCs. The platform architectures developed for advanced SerDes products, along with high-speed IP cores, facilitates cost savings opportunities and can expand the Rambus product offerings by integrating industry-leading IP cores, patents and other assets.
ECEBS talks open standards and security
Stephen McSpadden, Head of Solutions at Ecebs, now part of Rambus, recently spoke with Steve Atkins of ContactlessIntelligence about smart ticketing and open standards. As McSpadden notes, Ecebs is a leading supplier of smart ticketing systems to the UK transport markets. The Scotland-based company, says McSpadden, has also developed software to meet the growing demand for cloud-based, secure ticketing schemes, which can open up lower cost smart ticketing to a wider market.
Rambus to Acquire Snowbush IP Assets
Combination of leading suppliers accelerates position in SerDes IP and product offerings
SUNNYVALE, Calif. – June 6, 2016 – Rambus Inc. (NASDAQ:RMBS) today announced it has entered into a definitive agreement to acquire the assets of Semtech’s Snowbush IP for $32.5 million as well as additional payments based upon specific new product sales through the end of 2022. Snowbush IP, formerly part of Semtech’s Systems Innovation Group, is a leading provider of silicon-proven, high-performance serial link solutions. The acquisition strengthens Rambus’ position in high-growth spaces and meets customer needs in the server, networking and data center market.
“Our strategy is to look for opportunities in critical segments that will enhance our roadmap, especially in ways that will propel growth in profitable markets,” said Dr. Ron Black, president and chief executive officer at Rambus. “By adding Snowbush IP into our portfolio, we are bolstering our SerDes business and accelerating our product position. This acquisition, along with our memory IP cores and chip business, will further build upon the existing product opportunities and expand our foundry partnerships.”
Snowbush IP has a long history of providing advanced analog and mixed-signal IP for ASSP, ASIC, and SoCs. The platform architectures developed for advanced SerDes products, along with high-speed IP cores, offer cost savings opportunities and can expand the Rambus product offerings by integrating industry-leading IP cores, patents and other assets.
This acquisition remains subject to customary closing conditions and is expected to close during the third quarter of 2016. These acquired technologies will be part of the Rambus Memory and Interfaces Division and Rambus expects this acquisition to be accretive within 18-24 months.
To learn more about Rambus and the Memory and Interfaces division, visit rambus.com/memory-and-interfaces.
Conference Call
Rambus management will host a conference call at 6:00 a.m. PT today to discuss this acquisition. The call will be webcast and available online at investor.rambus.com. A replay will be available following the call as a webcast on the Rambus Investor Relations website and for one week at the following numbers: (855) 859-2056 (domestic) or (404) 537-3406 (international) with ID# 27758927.
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About Rambus Memory and Interfaces Division (MID)
The Rambus Memory and Interfaces Division develops products and services that solve the power, performance, and capacity challenges of the mobile, connected device, and cloud computing markets. Rambus enhanced standards-compatible and custom memory and serial link solutions include chips, architectures, memory and chip-to-chip interfaces, DRAM, IP validation tools, and system and IC design services. Developed through our system-aware design methodology, Rambus products deliver improved time-to-market and first-time-right quality.
About Rambus Inc.
Rambus creates cutting-edge semiconductor and IP products, spanning memory and interfaces to security, smart sensors and lighting. Our chips, customizable IP cores, architecture licenses, tools, services, training and innovations improve the competitive advantage of our customers. We collaborate with the industry, partnering with leading ASIC and SoC designers, foundries, IP developers, EDA companies and validation labs. Our products are integrated into tens of billions of devices and systems, powering and securing diverse applications, including Big Data, Internet of Things (IoT), mobile, consumer and media platforms. At Rambus, we are makers of better. For more information, visit rambus.com.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding the potential benefits and incorporation of the acquired technologies into the Rambus Memory and Interfaces division, expected addition to pro forma earnings within 18-24 months, growth opportunities of the SerDes market, and the ability to bolster the Rambus IP and product offerings. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change. Actual results may differ materially from the forward-looking statements due to a variety of factors including, but not limited to, risks and uncertainties described from time to time in Rambus’ annual report on Form 10-K, quarterly reports on Forms 10-Q and other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and Rambus does not undertake any obligation to update any forward-looking statements based on new developments or changes in expectations.
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Press contact:
Racepoint Global
Hilary Costa
(415) 694-6705
[email protected]
Rambus and INSIDE Secure team up on VIDITY
INSIDE Secure has confirmed that it is working with Rambus’ Cryptography Research Division to facilitate the delivery of over-the-top (OTT) 4K and Ultra High Definition (UHD) content that meets Secure Content Storage Association (SCSA) specifications.
All aboard with Bramble
The ongoing advancements in smart technology are changing the way we travel. Travelers and operators alike will benefit from paperless tickets and seamless journeys across multiple modes of transportation.
The infographic below highlights the growing demand for smart ticketing in mass transit and how it can enable a future of frictionless travel.
As part of the continued adoption of smart technology, Nevis Technologies recently announced that it has issued over 100,000 Bramble smartcards to Glasgow Subway passengers. Bramble – jointly developed by SPT and Rambus’ Ecebs under the auspices of Nevis Technologies – is fully compliant with the UK’s interoperable open security standard for transportation and ticketing known as ITSO.
Nevis Technologies Surpasses 100,000 Smart Card Milestone for the Glasgow Subway
Convenience, ease of use, and security are driving passengers’ adoption of smart ticketing
Glasgow, Scotland – 1 June 2016 – Nevis Technologies today announced that it has issued more than 100,000 Bramble smartcards to travellers of the Glasgow Subway, which are designed to securely store tickets and travel data for pay-as-you-go journeys. A joint venture between Strathclyde Partnership for Transport (SPT), Scotland’s largest regional transport partnership, and Ecebs, a leader in smart technology for transportation recently acquired by Rambus, Nevis Technologies was formed to deliver secure, integrated smart ticketing to Scotland.
“The future of transport will rely more on smart integrated ticketing as our customers demand more convenience and ease of travel,” said Eric Stewart, SPT assistant chief executive. “Public transport operators are looking to work together to ensure journeys become as easy and simple as possible for passengers, and increasing the adoption of smart technology is key to achieving this.”
The Bramble smartcard is designed for use across multiple transportation systems and is compliant with the UK interoperable open standard known as ITSO. It replaces paper tickets and tokens to enable public transportation systems to offer convenience and ease-of-travel to their passengers. The smart ticketing system includes a back office Host Operating or Processor System (HOPS) delivered by Ecebs, card management (CMS) and Bramble smartcards.
“Our vision is to extend the use of ‘Bramble’ across multiple operators and multiple modes of transport,” said David Braddock, director of Nevis Technologies. “These cards are particularly suited for this and an e-purse for pay-as-you-go travel.”
The Nevis Technologies system was introduced on the Glasgow Subway in 2013 as part of the £300m modernization programme in advance of the Commonwealth Games in 2014. In 2015, Nevis Technologies was appointed by Dutch train operator Abellio to provide the smart ticketing system across the ScotRail franchise. Currently, more than 93 million passenger journeys are taken a year on ScotRail services and some 13 million passenger journeys were taken on the Glasgow Subway in 2014 and 2015.
See more details on how Smart Ticketing is changing the way we travel.
About Nevis Technologies
Nevis Technologies is the joint venture partnership between Ecebs, the East Kilbride-based smart technology company recently acquired by Rambus,Inc., and Strathclyde Partnership for Transport (SPT). Together the organizations serve as the delivery agent for smart integrated ticketing, bringing a depth of expertise from both the transport and smart technology industries. The flexibility of the smart technology delivered via Nevis Technologies enables a wider vision to deliver greater convenience to passengers through the deployment of interoperable ticketing. For more information, please visit www.ecebs.com.
