August 20, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Marvell (NASDAQ: MRVL) said it has acquired the intellectual property and assets of Diseno de Sistemas en Silicio S.A. ("DS2"), a supplier of high speed semiconductor solutions for powerline communications.

Powerline technology converts existing electrical power wiring into a high-speed networking medium, enabling consumers to create a "connected home" that can stream personal or subscription-based digital content to and from any room at high speeds.

Terms of the deal were not disclosed.

Spain-based DS2 was founded in 1998, using wireline technology based on the G.hn standard, which aims to combine, powerline, coaxial, and phoneline wiring within a single wired home network.

DS2 has also been a global supplier of Advanced Metering Infrastructure (solutions and Universal Powerline Association compatible circuits for digital home, smart grid and Ethernet over Coax applications.

Marvell said it will continue to sell DS2 products and support existing customers. The company will also develop and integrate DS2 core technology into its existing IP portfolio to provide home networking products.

At the close of the acquisition, around 75 employees joined Marvell's worldwide development team.

California-based Marvell develops storage, communications, and consumer silicon solutions. Marvell's product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power communications infrastructure including enterprise, metro, home, and storage networking.

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