Tuesday, September 16, 2008
Freescale Buys Intoto
Austin-based Freescale Semiconductor said Tuesday that it has signed a definitive agreement to purchase Intoto, a developer of software for networking and communications equipment manufacturer. Financial terms of the deal were not disclosed. Freescale said it will apply Intoto's technology and talent around its QorIQ communications processors. Intoto is headquartered in Santa Clara, with offices in Hyderabad and Chennai, India. Freescale said it expects the transaction to close within 30 days.