Palo Alto, CA – September 19, 2013
Woodside Capital Partners International LLC announces that it acted as financial advisor to Discera, Inc. (Discera), a leading provider of silicon timing solutions, in the acquisition of Discera by Micrel, Inc. The acquisition is intended to complement Micrel’s high performance clock and timing products, as well as expand its MEMS (micro-electrical mechanical systems) capabilities. The financial terms of the transaction were not disclosed.
Discera has been on the forefront of MEMS resonator development, creating a disruptive technology in the timing space. Discera’s PureSilicon™ oscillators and Crystal-less™ clock generators provide a variety of significant benefits to timing customers, including system-wide cost effective solutions, enhanced ruggedness, space savings, and excellent stability over a wide temperature range.
“Micrel’s and Discera’s technologies and products are well aligned from a strategic perspective, bringing more best-in-class products to broader markets and a worldwide customer base,” said Ray Zinn, chairman and CEO, Micrel. “The acquisition of Discera substantially enhances Micrel’s penetration into the timing market and provides a strong MEMS-based platform for further growth. The addition of the Discera MEMS product line will greatly enhance Micrel’s MEMS presence and capability. Furthermore, the Discera technical team gives Micrel the intellectual property and technical know-how to pursue not only MEMS-based timing devices but also other types of MEMS devices.”
“Woodside Capital Partners was instrumental in bringing Discera and Micrel together for this acquisition,” said Bruce Diamond, Discera president and CEO. “With their deep industry and sector expertise, Woodside Capital’s senior management was hands-on in communicating with our board and supported us with excellent guidance throughout the whole acquisition process.”
Discera, Inc is a leading timing and clock oscillator company utilizing a proprietary MEMS (micro-electrical mechanical system) resonator enabling lower cost, enhanced ruggedness, smaller size and wider temperature range than historical quartz based solutions. Discera offers rapid delivery of both prototype and production replacements for standard quartz oscillators and innovative products with additional features and functionality normally associated with clock products. Discera was established in 2001 and is headquartered in San Jose, California. For more information,visit www.discera.com.
About Micrel, Inc.
Micrel, Inc. is a leading global manufacturer of IC solutions for the worldwide high-performance linear and power, LAN and timing and communications markets. The Company’s products include advanced mixed-signal, analog and power semiconductors, as well as high-performance communication, clock management, Ethernet switch and physical layer transceiver ICs. Corporation headquarters and wafer fabrication facilities are located in San Jose, CA, with regional sales and support offices and technology design centers situated throughout the Americas, Europe and Asia. In addition, the Company maintains an extensive network of distributors and reps worldwide. Web: www.micrel.com.
About Woodside Capital Partners
Woodside Capital is a global investment bank with offices in Silicon Valley and London that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital has been providing investment banking services worldwide since 2001. The team of Woodside Capital has completed transactions totaling more than $10 billion. The firm is also the Silicon Valley headquarters of M&A International, the world’s leading mergers and acquisitions alliance. For more information, please visitwww.woodsidecap.com.
Press Release Contact:
Greg Mischou, Senior Partner
Woodside Capital Partners International, LLC
(650) 513-2757 or firstname.lastname@example.org