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Ceragon Networks Ltd., a provider of high-capacity, 4G/LTE-Ready wireless backhaul networks, announced that it has acquired all the shares of privately-held Elxys Innovations, Athens, Greece. Elxys is a designer of advanced, next-generation radio-frequency integrated circuits (RFIC). The acquisition solidifies Ceragon's leadership in RF design and allows it to further optimize its core radio technology. By strengthening the radio design team with a group of seasoned professionals in the RFIC domain, Ceragon will continue to offer its customers superior radio performance, higher capacities, reduced power consumption and better overall cost.
"Mobile networks are becoming more and more dependent on high-capacity wireless backhaul," said Ira Palti, President and CEO of Ceragon. "We believe that the next generation microwave radios will be based on highly integrated RFICs. Adding a group of proficient RFIC engineers will allow us to reach higher levels of integration while continuing to the stretch the envelope in terms of radio capacity, reliability and availability. In the process, it will create a significant product differentiation for Ceragon."
"We are very excited to be joining the Ceragon family," said Emmanouil Metaxakis, Chief Executive Officer and co-founder of ELXYS Innovations. "We have had a successful business relationship with Ceragon over the past few years, and we look forward to continue incorporating our radio technology with Ceragon products to substantially expand their performance and capabilities."
Elxys has been Ceragon's design partner for a number of years. The company specializes in analog, RF, millimeter-wave and mixed signal integrated circuit design spanning from baseband up to 77 GHz. Total consideration was $1.6 M plus 200,000 restricted share units to Elxys founders who are now Ceragon employees.