Broadcom To Buy Israeli Security Software Firm

Irvine-based Broadcom announced late Sunday that it is acquiring Israeli security software developer SC Square Ltd.. According to Broadcom, it will pay approximately $41.9M in cash for SC Square Ltd. Broadcom said the acquisition would give it an expert team of engineers focused on security, an "essential ingredient" across its platforms. Broadcom said it expects the acquisition to close before June 30th.