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Slide #84. Altera Corporation — TPACK
Altera Corporation (NASDAQ:ALTR)
Altera Corporation (NASDAQ: ALTR) today announced it has agreed to acquire TPACK, a wholly-owned subsidiary of Applied Micro Circuits Corporation (NASDAQ:AMCC). TPACK delivers complete FPGA-based OTN (optical transport network) products targeting packet and optical networking equipment suppliers. The acquisition enables Altera to accelerate and expand its OTN solutions roadmap to support the increasing pipeline of customer designs resulting from Altera's successful acquisition in 2010 of Avalon Microelectronics, a leading OTN IP provider. Combining TPACK with Altera's current OTN development team positions Altera for continued growth in FPGA-based IP solutions for the OTN equipment market, which is forecast to reach $13B by 2017, according to research firm Infonetics.
Altair Engineering is a technology company providing software and cloud solutions in the areas of product design and development, cloud computing, and data intelligence. Co.'s Software segment includes software and software related services. The software component of this segment includes its portfolio of software products including its solvers and optimization technology products. Co.'s client engineering services (CES), segment provides client engineering services to support its customers with long-term ongoing capability. Co. operates its CES business by hiring engineers for placement at a customer site for specific customer-directed assignments.
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Strong Buy (3.60 out of 4)