Broadcom Acquires Provigent For $313 Million
Amit Chowdhry | March 21, 2011 | 467 views | Add a CommentCategorized under Broadcom Corporation, Lightspeed Venture Partners, Lightspeed Ventures, Pitango, Pitango Venture Capital, Provigent, Sequoia Capital

Irvine, California based Broadcom Corporation (NASDAQ:BRCM) has announced that they are acquiring system-on-a-chip solutions company Provigent for $313 million. Provigent’s products enables wireless system vendors to deliver broadband wireless backhaul systems to network operators. Provigent raised a total of $55 million from Sequoia Capital, Lightspeed Venture Partners, and Pitango. [jPost]