Avago Technologies Limited (Nasdaq: AVGO) plans to acquire Ben Franklin alumnus client CyOptics, Inc. for $400 million. CyOptics is a global technology leader in Indium Phosphide-based optical components that enable communications networks. Avago Technologies is a leading supplier of analog interface components for communications, industrial and consumer applications.
CyOptics was named Ben Franklin’s Entrepreneurial Achievement Award winner earlier this month, and will be honored at the Ben Franklin i xchange event on May 7th. Register here http://ennect.com/e2092. Read more about the CyOptics acquisition: http://www.cyoptics.com/avago-technologies-to-acquire-cyoptics-a-leading-optical-chip-and-component-supplier-to-the-datacom-and-telecom-markets/