Mingoa sale a successful exit for Boole investors
Microsemi Corporation, a leading provider of semiconductor solutions, has announced it has acquired Cork based Mingoa, a leading provider of semiconductor IP for hardware accelerated Ethernet OAM and embedded tests. The terms of the transaction were not disclosed but this was a successful exit for investors including members of the HBAN Boole Syndicate.
Mingoa, founded in 2009 as a private venture capital funded company, specialises in developing highly efficient and scalable embedded hardware/software for real time Ethernet operations, administration and monitoring (OAM) with IP level monitoring for SLA enforcement. Target applications for this technology include enterprise carrier Ethernet business services, mobile/small cell backhaul applications and datacenter interconnect.
"The acquisition of Mingoa is yet another example of Microsemi's commitment to serving the communications infrastructure market, bringing our organisation enhanced capabilities in Carrier Ethernet, as well as the silicon implementation that will enable our customers to deliver better services to end users," said James J. Peterson, Microsemi's chairman and CEO. "We are pleased to have Mingoa's experienced team join Microsemi and we look forward to providing greater value to our communications customer base with new capabilities that elevate our competitive position."