Configurable processor specialist ARC International has bought multimedia IP developer Alarity Corporation, for £2 million (E2.9 million) in cash. The bulk of Alarity’s development team is based in St. Petersburg, Russia, where the 40 strong group focuses on codec software, firmware, and advanced multimedia architectures.

Other posts by :

1. Norway wants a satellite constellation
2. Crossroads backs AST SpaceMobile
3. FCC examines SpaceX’s 15,000 sat-constellation plan
4. EchoStar: “Severe uncertainty” led to spectrum sales
5. Netflix gets downgrade on Warner Bros move
6. UK trims Orbex investment
7. Euro-bank sets up €500m space fund
8. Revenue jump forecast for Eutelsat
9. Moody’s upgrades Eutelsat’s debt rating

Categories: Articles, Business, M&A