Inphi (IPHI) completes acquisition of ClariPhy Communications

SANTA CLARA, CA -- (Marketwired) -- 12/12/16 -- Inphi Corporation (NYSE: IPHI), a leading provider of high-speed data movement interconnects, today announced that it has completed the acquisition of ClariPhy Communications, Inc., as announced on November 1, 2016, in a transaction valued at $277 million plus the assumption of certain liabilities.

'By finalizing the ClariPhy acquisition we achieve an important milestone in offering a platform for optical networking customers,' said Ford Tamer, President and CEO of Inphi Corporation. 'The ClariPhy coherent DSP complements Inphi TiA, driver, optical PHY and silicon photonics components to provide system OEM and module customers high-performance and low-power platform solutions. We believe this will provide customers with faster time-to-market, proven quality, and competitive cost.'

IHS estimates the total available market for 100G & 200G coherent optical network hardware will grow at 18% CAGR, from $3.2 billion to $7.4 billion, between 2015 and 2020. This growth will be driven by several concurrent, powerful tailwinds: the current optical super cycle, a growing and expanding SAM (serviceable available market), opportunities in regions such as China and with new markets such as Cloud. Inphi believes that this acquisition will position the Company to be one of the most comprehensive component and platform suppliers across all three optical market segments inside/outside data centers, metro and long haul.

About Inphi
Inphi Corporation is a leader in high-speed data movement. We move big data fast, throughout the globe, between data centers, and inside data centers. Inphi's expertise in signal integrity results in reliable data delivery, at high speeds, over a variety of distances. As data volumes ramp exponentially due to video streaming, social media, cloud-based services, and wireless infrastructure, the need for speed has never been greater. That's where we come in. Customers rely on Inphi's solutions to develop and build out the Service Provider and Cloud infrastructures, and data centers of tomorrow. To learn more about Inphi, visit www.inphi.com.

Chip Company ClariPhy Plans IPO

• Update: ClariPhy was acquired by Inphi (IPHI) for $277 million. (Dec 2016)

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ClariPhy Communications Inc., which makes high-speed optical networking signal processors, plans to eventually go public, according to Reza Norouzian, vice president of world wide sales and business development.

Norouzian declined to discuss the timing, but said an IPO was "not far away."

"We believe that we're one of the few semiconductor companies left that have a very strong possibility of an IPO exit," Norouzian said. "We're very focused and committed to getting there."

ClariPhy was founded in 2004 and is headquartered in Irvine, California. It has about 105 employees, Norouzian said.

The company announced that it had raised $14 million in new financing this week and plans to hire between 30 and 40 people in the next 12 months, the majority of them engineers. The financing round was led by Nokia Siemens Networks.