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Parade Technologies, Ltd., a leading high-speed data transport IC supplier, announces the completion of its acquisition of Fresco Logic, Inc. for an aggregate purchase price of US$37.5 million in cash.
Parade believes the synergy of Fresco’s USB expertise with Parade’s proven high-speed data transport experience will greatly benefit Parade’s USB4 product integration development. Leveraging the intellectual property portfolio of each company should serve to position Parade as a key supplier of integrated solutions for USB4 host, hub, docking, and device applications. As an established leader in interface devices for USB, PCI Express, and DisplayPort, all of which will now be supported through the high-speed USB4 interface, the acquisition of Fresco Logic presents an evolutionary growth opportunity for Parade.