Wednesday, October 13, 2010
WaveStream Acquired By Gilat
San Dimas-based Wavestream, a venture backed provider of high power solid state amplifiers, has been acquired for approximately $130M by Gilat Satellite Networks Ltd., an Israeli firm in the satellite broadband communications product market. Gilat said Wednesday that it is in a definitive agreement to acquire Wavestream in an all-cash deal, to further enhance its market position in the government sector. Wavestream was venture backed by Anthem Ventures, Shea Ventures, and Triquint Semiconductor, along with Oak Investment Partners, ITU Ventures, and others. Anthem's Bill Woodward sat on the firm's board.