Broadcom Completes $31 Million Octalica Acquisition

Press Release - June 1, 2007  

Broadband chipmaker, Broadcom, has completed its acquisition of Octalica, a privately-owned startup that develops home networking technologies for the Multimedia over Coax Alliance (MoCA) standard.

Broadcom paid approximately $31 million for all outstanding shares of the Newton Center, Massachusetts-based company, and hopes to make inroads into the MoCA digital multimedia market as a result of this acquisition.

MoCA technology can potentially distribute high-speed data and video feeds within a home at speeds of up to 270-Mbps, using existing coaxial cables.