Semiconductor maker Alereon buys Stonestreet wireless assets
Fabless semiconductor company Alereon announced today that it purchased intellectual property and requisite engineering teams from software firm Stonestreet One. The sum Alereon paid hasn’t been disclosed. The acquisition will diversify Alereon’s portfolio to include more software offerings in addition to chips.
The Austin, Tex.-based company specializes in ultra wideband (UWB) coverage, a technology that competes with Bluetooth to provide wireless connections between computers and mobile devices.
In the past, Alereon has raised $54.5 million from investors including Austin Ventures, Centennial Ventures and Duchossois Technology Partners.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.