When is a startup not a startup? When it is a spinout with hundreds of employees and a full product line, revenues of E450m and the second largest fabless semiconductor company in Europe.But even spinouts need to raise capital, and Infineon-spinout Lantiq has turned to the venture capital company of Deutsche Telekom, T-Ventures, for a capital investment and strategic advice.
"We are pleased to announce that we have taken our relationship with Deutsche Telekom Group to the next level with this investment, and our partnership will help drive our products and technology roadmap for the benefit of our customers and the industry," said Christian Wolff, CEO of Lantiq (pictured), which span off from Infineon in August last year.
"Deutsche Telekom is one of the world's leading carriers defining and driving the architecture of next generation networks. The investment in Lantiq demonstrates trust and enthusiasm in our business strategy and technology portfolio, and we look forward to working together."
The company has already started growing with the acquisition of the wireless LAN technologies from Metalink in January and the DSL assets of Aware in the US in October.
"Continuing to expand and improve broadband infrastructure is a priority for Deutsche Telekom. We are convinced of the great potential that Lantiq's innovative semiconductor solutions offer," said Bruno Jacobfeuerborn, Member of the Board of Management T-Home, Technology, and Managing Director Technology, T-Mobile Germany.
"Lantiq's innovative technology portfolio and future product and market roadmaps perfectly match Deutsche Telekom's needs. Both parties involved can profit from the investment - in terms of technology as well as market success."
According to the most recent market research data from iSuppli for 3Q09, Lantiq ships 34% of all xDSL ports worldwide, which positions the company as a leading provider for wireline access networks.
Nick Flaherty has been covering technology and startups since 1990 and is based in Bristol, where he co-founded the SiliconSouthWest network. During that time he has worked for most of the electronics magazines and newspapers in the UK and several in Europe and the US, covering all areas of the industry. He blogs at The Embedded blog www.embeddedblog.blogspot.com and Portable Multimedia www.portablemultimedia.blogspot.com and at www.flaherty.co.uk.
"Deutsche Telekom is one of the world's leading carriers defining and driving the architecture of next generation networks. The investment in Lantiq demonstrates trust and enthusiasm in our business strategy and technology portfolio, and we look forward to working together."
The company has already started growing with the acquisition of the wireless LAN technologies from Metalink in January and the DSL assets of Aware in the US in October.
"Continuing to expand and improve broadband infrastructure is a priority for Deutsche Telekom. We are convinced of the great potential that Lantiq's innovative semiconductor solutions offer," said Bruno Jacobfeuerborn, Member of the Board of Management T-Home, Technology, and Managing Director Technology, T-Mobile Germany.
"Lantiq's innovative technology portfolio and future product and market roadmaps perfectly match Deutsche Telekom's needs. Both parties involved can profit from the investment - in terms of technology as well as market success."
According to the most recent market research data from iSuppli for 3Q09, Lantiq ships 34% of all xDSL ports worldwide, which positions the company as a leading provider for wireline access networks.
Nick Flaherty has been covering technology and startups since 1990 and is based in Bristol, where he co-founded the SiliconSouthWest network. During that time he has worked for most of the electronics magazines and newspapers in the UK and several in Europe and the US, covering all areas of the industry. He blogs at The Embedded blog www.embeddedblog.blogspot.com and Portable Multimedia www.portablemultimedia.blogspot.com and at www.flaherty.co.uk.
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