Broadcom to buy security chip developer SC Square for $42m

As reported in Globes:

Wireless communications company Broadcom Corporation (Nasdaq: BRCM) has announced that it is acquiring security software developer SC Square Ltd. for $41.9 million in cash. Headquartered in Tel Aviv’s Ramat Hahayal district, SC Square is a subsidiary of Nisko Projects Electronics and Communication (TASE:NSPR).

In reporting the acquisition, Broadcom said, “With SC Square Ltd., Broadcom is acquiring an expert team of engineers focused on security, which is an essential ingredient across Broadcom platforms. This acquisition is part of Broadcom’s strategy to acquire innovative technologies and high quality teams with a solid track record of execution.”

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