Monday, November 3, 2008

Alereon Buys Wireless USB Team

Austin-based Alereon, a developer of ultra-wideband semiconductors for the Wireless USB and WiMedia market, said today that it has acquired certain Wireless USB assets and a development team from Stonestreet One. Financial terms of the deal were not disclosed. According to Alereon, the firm will use the IP and engineering expertise from Stonestreet one to add additional resources to the company. The StoneStreet team has been developing Wireless USB drivers for the USB Implementers Forum (USB-IF). Size of the team was not disclosed. Alereon deelops semiconductors, including radios and chipstes, focused on wireless USB and WiMedia.