BiTMICRO Acquires QualCore’s Intellectual Property

IP assets contribute to BiTMICRO’s next-generation solid-state disk

FREMONT, Calif. — (BUSINESS WIRE) — June 5, 2012 — BiTMICRO, a leading manufacturer of enterprise solid-state drives (SSDs), has obtained over 600 intellectual properties from QualCore, an IP & application-specific integrated circuit (ASIC) design services company. BiTMICRO will use this IP in their next-generation MaxIO SSDs, which debuts for first customer shipment this summer.

This acquisition comes at a critical time for BiTMICRO, as the company enters the enterprise storage market. BiTMICRO looks to make a splash with revolutionary chip design and sees this acquisition as key to this strategy.

QualCore’s portfolio covers analog, digital, and mixed-signal integrated circuit design. BiTMICRO will integrate these technologies into their TALINO and ISIP chips, which are the backbone of the SuperScalar architecture of MaxIO. The inclusion enhances two already feature-packed chip designs.

The IP assets also improve BiTMICRO’s product development cycle. Rey Bruce, CEO of BiTMICRO, explains, “As we move into enterprise storage, we need to design faster and smarter. The combination of our engineering capabilities and QualCore’s mixed-signal expertise allows us to make better products more quickly and at a lower cost. We’ll be able to pass that savings onto our customers.”

The acquisition also brings BiTMICRO closer to its goal of bringing the entire development cycle in-house, from ASIC design to characterization testing. Engineers retained from QualCore’s IP and ASIC services team have joined the recently established BiTMICRO India. This branch serves as a research & development center for ASIC technology.

About BiTMICRO

A pioneer in the solid state storage industry, BiTMICRO has built its reputation on providing high performance solid state storage solutions used in enterprise and industrial applications. BiTMICRO has always been driven to provide storage hardware with the highest level of efficiency, superior speed, and round-the-clock reliability. Headquartered in Fremont, California, BiTMICRO’s core is its Research and Development Group that enables the company to continually address ever-evolving customer needs. For more information, visit www.bitmicro.com.

About QualCore Logic

QualCore Logic is the recognized leader of silicon-proven Analog, Mixed-signal, and Digital intellectual property (IP) for system-on-chip (SoC) designs for the past 15 years. QualCore’s IP portfolio includes high performance PHYs (DDRs, SerDes etc.), ADCs, DACs, PLLs, DLLs, Special IO’s, Power Management Solutions and various Analog and Digital building blocks. The company is headquartered in Sunnyvale, California and has its design center in Hyderabad, India. For more information, visit www.qualcorelogic.com

BiTMICRO®, TALINOTM, ISIPTM, MaxIOTM, SuperScalarTM, the BiTMICRO Networks logo, and the Brighter. Bolder.TM slogan are either registered trademarks or trademarks of BiTMICRO Networks, Inc. Other trademarks are the property of their respective owners.



Contact:

BiTMICRO Networks, Inc.
Cecilia O. Martorillas, +1-510-743-3168
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