Last deal

$4M

Amount

Series B

Stage

01.11.1999

Date

2

all rounds

$12M

Total amount

date founded

Financing round

General

About Company
Agere Systems provides multi-protocol solutions for datacom and telecom equipment manufacturers.

Industry

Sector :

Subsector :

Also Known As

Agere, Inc./NY/, Lucent ME Corp.

founded date

01.01.1998

Operating Status

Closed (05.10.2004)

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

Agere Systems was founded to develop and commercialize patented technology for wire-speed programmable routers, switches, and network management equipment. Their solutions enable system vendors to quickly offer new OC-12, OC-48, and Gigabit Ethernet services to carriers, service providers, and enterprises.
Contacts
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M&A Details
1

Transaction name

Acquired by

Broadcom

announced date

05.10.2004

Financials

Funding Rounds
2
2

Number of Funding Rounds

$12M

Money Raised

Their latest funding was raised on 01.11.1999. Their latest investor TL Ventures. Their latest round Series B

Date 
Funding Round 
Investors 
Money Raised 
Lead 
01.11.1998
2
$8M
Comdisco Ventures

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count Of Investments

62

count Of Exists

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Number of investors

Investor 
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Acquisitions
3
Acquiree Name 
Date 
Price 
Acquisition Name 
Modem Art acquired by Agere Systems

Modem Art acquired by Agere Systems

acquirer

Agere Systems
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date

09.03.2005

type

Acquisition

price

$145.1M
Modem Art

Modem Art

Israeli fables semi-conductor company, Modem-Art, develops programmable silicon solutions for broadband digital communications.

Sector

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Subsector

Telecommunications Equipment

Location

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TeraBlaze acquired by Agere Systems

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type

Acquisition
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Massana acquired by Agere Systems

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Acquisition

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$26.2M
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total rounds

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total raised

$23.5M

People

Employee Profiles
23
Samuel G. Spangler

Samuel G. Spangler

Management & Engineering positions

Tom Linton

Tom Linton

Chief Procurement Officer

William Fritz

William Fritz

Director of Process Development

Glenn Li

Glenn Li

Team Member

Robert Rango

Robert Rango

Senior Management

Isik C. Kizilyalli

Isik C. Kizilyalli

Team Member

Sheng Liu

Sheng Liu

Team Member

John Dickson

Former President and CEO

Activity

Recent News
0