Friday, November 11, 2005

EMCORE Acquires Phasebridge

Pasadena-based Phasebridge has been acquired by EMCORE, a provider of semiconductor components, according to the companies. Terms were not disclosed. Phasebridge has been developing multi-chip optical modules and subsystems used in the defense and optical networking markets. EMCORE said that Phasebridge operations will be integrated into the Ortel divison of EMCORE in Alhambra, and is expected to increase revenues in fiscal 2006 by approximately $2M. Dr. Ronald Logan, Jr., founder of Phasebridge, will become Chief Engineer and Managing Director of Specialty Business at EMCORE's Ortel division. Phasebridge is venture funded by Clearstone Venture Partners, Intel Capital, and TriQuint Semiconductor. More information »