Palo Alto, CA – May 17, 2010
Woodside Capital Partners Advises iWatt on the divestiture of its IKOR Advanced Power Solutions Division
Woodside Capital Partners International LLC is pleased to announce that it acted as a financial advisor to iWatt on the divestiture of its IKOR Advanced Power Solutions Division to IDT. (NASDAQ: IDTI)
About iWatt, Inc.
iWatt, Inc. is a power control IC company that designs, develops and markets semiconductor products for the communication and consumer market segments. The Company’s patented digital control expertise raises the bar in power supply price/performance metrics. iWatt is currently working with market leaders in the telecom, networking, flat panel display and consumer electronics markets to develop high power density, low standby power and small form factor AC-DC and DC-DC power supplies. iWatt is backed by VantagePoint Venture Partners, a leading CleanTech investor, and Sigma Partners. The Company’s Silicon Valley headquarter is located in Los Gatos, CA with additional offices in Taipei, Taiwan; Seoul, Korea; Tokyo, Japan; Shenzhen, China; and Hong Kong. For more information, visit www.iwatt.com or call iWatt at (408) 374-4200.
With the goal of continuously improving the digital media experience, IDT integrates its fundamental semiconductor heritage with essential innovation, developing and delivering low-power, mixed signal solutions that help customers overcome their system challenges. Headquartered in San Jose, Calif., IDT has design, manufacturing and sales facilities throughout the world. IDT stock is traded on the NASDAQ Global Select Stock Market® under the symbol “IDTI”. Additional about IDT is accessible at www.IDT.com.
About Woodside Capital
Woodside Capital Partners International LLC is an investment banking firm, with offices in Silicon Valley and London, specializing in Merger & Acquisitions for emerging growth technology companies. All securities activities are conducted through 3C-WC Partners LLC, a registered broker-dealer and member of SIPC (www.sipc.org) and FINRA (www.finra.org). Woodside Capital Partners, LLC and 3C-WC Partners, LLC are affiliated companies. More information is available at woodsidecap.com or by calling 1.650.391.2075.
Woodside Capital Partners, LLC
Rudy Burger, Managing Partner