Zilker Labs, a fabless semiconductor startup out of Austin, Texas specializing in digital power integrated circuits announced a couple days ago that a definitive agreement has been signed for the company to be acquired by Intersil. This acquisition comes only five years after the company was founded in 2003. It would be an interesting to examine at what average age semiconductor startups get acquired – maybe when I get some spare time.
Zilker Labs introduced their first product, the ZL2005 Step-Down DC-DC Controller in October 2005. From 2006 through 2008 the company introduced several more integrated DC-DC converters and controllers. The company’s main advantage lay in patents which allowed for designs with efficiency levels in excess of ninety percent. Additionally, Zilker Labs integrated power management functions into their power conversion products, thus reducing the required component count by about sixty percent. While the acquisition amount was not disclosed, the firms that funded the company, namely Sevin Rose Funds, North Bridge Venture Partners, and H.I.G. Ventures probably made out pretty well on the deal given the relatively quick acquisition. On the acquiring company’s side, Intersil has been on an acquisition spree. In the past five month the company has also acquired D2Audio and Kenet Inc., specializing in intelligent digital amplifiers and FemtoCharge technology, respectively.