Chipidea Secures 5M Euros in Series C Funding.LISBON, Portugal -- Chipidea, the leading analog and mixed-signal semiconductor solutions provider, today announced that it has closed a series C funding round for a total of 5M Euros from sole investor Fundo de Capital de Risco para Investidores Qualificados ES Ventures II (ESV ESV end-systolic volume. ), a fund managed by Espirito Santo Santo, New Hebrides: see Espíritu Santo. Ventures, a leading Portuguese private equity company within the BES Group. Chipidea plans to use the proceeds of this financing to further expand its business and pursue targeted strategic acquisitions to strengthen its worldwide R&D capabilities. Chipidea has developed the most advanced and complete analog and mixed-signal technology portfolio in the world, ranging from precision single-function blocks to full analog sub-systems for wireless and wireline communications, device-to-device connectivity, multimedia, and power management. Founded in 1997, Chipidea has demonstrated both profitability and double-digit revenue growth since its inception. The company now employs more than 260 people in offices across Europe, Asia and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "Jose Franca and his colleagues have built a world class semiconductor IP business, leveraging on a scarcity Scarcity The basic economic problem which arises from people having unlimited wants while there are and always will be limited resources. Because of scarcity, various economic decisions must be made to allocate resources efficiently. of knowledgeable resources in this area all over the world, with an impressive blue chip customer base," said Joaquim Servulo Rodrigues, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Espirito Santo Ventures. Jose Franca, Chipidea's co-founder and CEO, added, "We are delighted to welcome ESV as partner to Chipidea. This investment will enable us to consolidate our leadership position in the analog and mixed-signal market." About Espirito Santo Ventures Espirito Santo Ventures is a venture capital firm of Espirito Santo Group, providing equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. , management support and market expertise to promising companies with talented and ambitious entrepreneurs who have developed innovative products, services and business models (www.es-ventures.com). About Chipidea Chipidea is the world's number one analog/mixed-signal merchant technology supplier targeting fast-growing market segments like wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , digital media and consumer electronics. Chipidea supports blue-chip customers across the globe, has an impeccable im·pec·ca·ble adj. 1. Having no flaws; perfect. See Synonyms at perfect. 2. Incapable of sin or wrongdoing. [Latin impecc reputation for delivering high-quality products and is known for its reliable execution. Chipidea licenses its technology to leading companies in these and other key markets, delivering everything from precision single-function blocks to full analog sub-systems. For more information: www.chipidea.com |
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