Kinetic Technologies buys VC-backed Akros Silicon

Kinetic Technologies has acquired Silicon Valley-based Akros Silicon, a provider of energy management ICs. No financial terms were disclosed. Akros Silicon’s backers included Technology Partners, U.S. Venture Partners, Levensohn Venture Partners and SPM Capital. PRESS RELEASE SUNNYVALE, Calif., Sept. 28, 2015 /PRNewswire/ — Kinetic Technologies, a high-performance analog and mixed-signal semiconductor company focused on developing power management solutions for computing, consumer, industrial, and communications markets, announced the acquisition of Akros Silicon, a leading supplier of intelligent energy management ICs, which integrate high-voltage digital isolation and discrete components into a single device. Terms of the asset transaction were not disclosed. The Power-over-Ethernet market continues to grow and the specifications continue to evolve, enabling new and higher power applications for the future. “We are excited to have the Akros team join Kinetic”, said Kin Shum, CEO of Kinetic Technologies. “They have proven themselves by creating an impressive amount of intellectual property which has enabled a leading position in the PoE market and beyond. The acquisition is consistent with Kinetic’s strategy of acquiring and developing leading edge technology which supports the company’s system architecture expertise. We see the Akros products to be a perfect addition to Kinetic’s broadening product portfolio.” For more information, please visit http://www.kinet-ic.com. About Kinetic Technologies: Kinetic Technologies designs, develops and markets proprietary high-performance analog and mixed-signal power management semiconductors for consumer, computing, industrial and communication markets. The company’s product offering consists of integrated circuits that transform, regulate, deliver and monitor the power consumed by analog and digital semiconductors and other electronic loads. The company develops application-specific products to take care of the power management needs in devices such as mobile phones, smartphones, tablet computers, netbooks, GPS and MID, as well as serving a wide range of industrial, computing and communication product segments. Kinetic Technologies, a Cayman Corporation, has R&D centers in Silicon Valley and Asia, with operations and logistics based in Asia. For more information, please visit www.kinet-ic.com. About Akros Silicon: Headquartered in Silicon Valley, Akros Silicon provides leading edge, intelligent energy management ICs. Akros’ disruptive silicon technology makes it possible to integrate multiple ICs, high-voltage isolation and discrete components into a single device, thus enabling electronic OEMs to develop cost-effective and energy-efficient solutions.

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Kinetic Technologies buys VC-backed Akros Silicon