ARM purchased Micrologic
Solutions Limited, a Cambridge-based 25-person software solutions house, which
provides software and hardware development services and systems consultancy for
telecommunications, embedded control, digital protocols and real-time
instrumentation applications.
"We have worked with ARM on a number of
projects over the last few years, so I am confident there is a very close fit
in cultures," said John Halfpenny, chief executive officer, Micrologic. "Our people have always enjoyed being
involved in demanding projects and with ARM at the centre of so many exciting developments, we are all looking forward to the
challenge."
Micrologic is a private limited company, with revenues of
£1.4 million in the year ended 30 April 1999. The consideration for the
business is £1.1 million cash, with additional performance related
bonuses.
Allied Powers were representing Micrologic in this transaction.