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- RFMD Acquires Sirenza Microdevices for $900 Million
- Firethorn Acquired by Qualcomm for $210 Million
- Centice Closes on $11.3 Million
- RTI International Awarded $6.8 Million for Genetics Research
- NCSU Teams Up with Xerox in Professional and Innovation Management Course Development
- Smith Anderson's Mason Participates in UNC Kenan-Flagler Undergraduate Business Symposium
RFMD Acquires Sirenza Microdevices for $900 Million
Greensboro-based RF Micro Devices (RFMD) (www.rfmd.com), a developer of high-performance radio frequency (RF) systems, has acquired Sirenza Microdevices, a supplier of RF components. Based on RFMD's closing stock price on November 13, 2007, the consideration for the outstanding shares of Sirenza stock is valued at $16.80 per share and represents an aggregate value of approximately $900 million, comprised of approximately $300 million in cash with the balance in RFMD stock.
Firethorn Acquired by Qualcomm for $210 Million
Atlanta-based Firethorn (www.firethornmobile.com), a provider of mobile banking and payments applications, has been acquired by San Diego-based Qualcomm, a developer of wireless technologies. Under the agreement, Qualcomm will pay about $210 million in cash for Firethorn.
Firethorn is a CED member.
Centice Closes on $11.3 Million
Morrisville-based Centice (www.centice.com), a medical device and diagnostics startup, has closed on $11.3 million in venture capital funding. Participating in the round is Durham-based The Aurora Funds. Centice has licensed technology developed at Duke University for use in spectroscopy, which is the study of the interaction between light and matter. Its latest patent covers methods and systems for making spectral measurements on weak diffuse resources while at the same time maintaining high resolution. The company has applied for more than 20 patents.
The Aurora Funds is a CED member.
Centice is a CED member.
RTI International Awarded $6.8 Million for Genetics Research
RTP-based RTI International (www.rti.org), a scientific and technology research organization, has been awarded a three-year, $6.8 million contract from the National Institutes of Health to maximize the benefits of research exploring the relationships between genetics, environment, health and disease. The grant, the PhenX project, calls for RTI to develop a set of standard measures to be used in future genetics research; the standard measures will be recommended for use in Genome-Wide Association Studies and other large-scale population genomic and epidemiologic research efforts to maximize the benefits of future research.
RTI is a CED member.
NCSU Teams Up with Xerox in Professional and Innovation Management Course Development
Raleigh-based North Carolina State University (NCSU) (www.ncsu.edu) has entered into a collaborative agreement with Xerox Corporation to fund research that will lead to new courses in professional service management and innovation management. The agreement calls for Xerox to grant NCSU $319,000 for the project. The new academic programs and research are being developed and delivered through NC State College of Management's Service and Product Innovation Initiative (SPI) and the Center for Innovation Management Studies (CIMS), a collaborative venture between academia and corporate R&D centers based at the college. The new courses include the Service Innovation Lab where graduate and undergraduate students will work with companies to develop innovative service concepts.
NCSU College of Management is a CED member.
Smith Anderson's Mason Participates in UNC Kenan-Flagler Undergraduate Business Symposium
Raleigh-based Smith Anderson (www.smithlaw.com) partner, Merrill Mason, recently participated in the 23rd annual Undergraduate Business Symposium hosted by the University of North Carolina's Kenan-Flagler business school. The symposium brought together over 400 undergraduates with executives from around the country and served to not only expose students to executives who provide practical, real-world experience, but also reinforce skills learned through the Business Administration curriculum. The 2007 symposium theme, Leading the Future, emphasized the importance of how young leaders of today will shape tomorrow's business future.
Smith Anderson Blount Dorsett Mitchell & Jernigan LLP is a CED member.
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