Catalytic Inc. has acquired the Electronic System Level (ESL) Business from Celoxica Holdings plc (AIM: CXA) — including Celoxica’s C to field programmable gate array (FPGA) technology. Under terms of the agreement, a cash consideration of $3 million will be paid to acquire DK Design Suite, PixelStreams, and Agility Compiler software products and the RC Series of FPGA development and prototyping boards. In addition, 18 people will become Catalytic employees and expand Catalytic’s worldwide presence with new offices in Texas, Japan, and England. Catalytic will continue to support the more than 100 existing customers of the transferred products. It will add Celoxica as a customer and reseller of the DK Design Suite to deliver high-performance computing solutions to the finance, life sciences, and oil and gas exploration industries.
More info: Catalytic Inc.