London, UK – February 8, 2011
WCP (UK) Ltd, is pleased to announce that it recently acted as the financial advisor to ClearSpeed Ltd for the sale of its intellectual property assets to a USA, NASDAQ listed company. The transaction included the negotiation of a back license that enables ClearSpeed to continue its core business of selling and developing the CSX700 family of highly parallel processors.
ClearSpeed Ltd, is an industry leader in the field of highly parallel, low power processing. It has amassed a significant international patent portfolio covering generic and application-specific elements of the technology . The IP had been both acquired from other companies active in the sector, and also generated through ClearSpeed Ltd’s own internal development activities. Headquartered in the UK, ClearSpeed Ltd has global reach, with sales in Europe, the USA, and Asia. For more information about ClearSpeed Ltd, please visit www.clearspeed.com.