Passave Inc. (now PMC Sierra Israel)

www.passave.com

High-Tech Company

Acquired by PMC-Sierra Inc.

TECH VERTICALS

Home Networking

General Data

Sector	Network Infrastructure
Company Stage:	Revenue Growth
Established	2001
Number of Employees	125

DESCRIPTION

Passave is a fabless system-on-chip company, developing core technology for broadband fiber access systems. Passave delivers complete solutions expediting the design process for system vendors, while dramatically reducing product cost and enabling interoperability. By delivering technically complex solutions on low-cost silicon, Passave expands the market for fiber access networks with significant function improvement and cost reduction in fiber-based Central Office and Customer Premise Equipment.

TECHNOLOGY

Wireline Communication

Passave builds silicon solutions (ASICs) for Ethernet broadband fiber access networks. Passave's ASICs are intended primarily for Gigabit EPONs but can also support simpler point-to-point Ethernet fiber networks, easing the transition for service providers from early point-to-point deployments to more dense EPON deployments. Passave's ASIC solutions are intended to facilitate wide deployment of Gigabit EPONs by dramatically reducing the cost of supporting the sophisticated functions that EPONs require.

ESTIMATED ANNUAL SALES

	TARGET MARKETS
	Telecom Service Providers.

	BUSINESS MODEL
	B2B

CONTACT INFO

Expand / Collapse All

Main Address: Herzliya, Israel

Address	9 Hamenofim St., Kochav Herzliya Bldg., 2nd Floor
POB	2089
City	Herzliya
Country	Israel
Zip	46120

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Santa Clara, United States

Address	2900 Lakeside Dr., Suite 229
City	Santa Clara
State/Province	CA
Country	United States
Zip	95054

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Tokyo, Japan

Address	4-38-11 Honcho Nakano-ku
City	Tokyo
Country	Japan
Zip	164-0012

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Victor Vaisleib	CEO & Co-Founder	Microsemi PMC (General Manager)
Mr. Seiji Nishimura	General Manager, Japan
Mr. Ariel Maislos	Co-Founder	HDC Apple (Senior Director)

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Board Member	Former CEO & Founder, Libit
abC Defghij	Board Member	CEO, Passave

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Apr. 04, 2006

abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

Expand / Collapse All

Round

Date

Stage

Amount

Valuation

First Round - Extended

Dec. 12, 2002

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Corporate VC	abCDe	Investment managed by Intel Israel; Holds 7.4% of the company

First Round

Jun. 06, 2002

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe	Holds 18.6% of the company
abC Defghij	Venture Capital Fund	abCDe	Holds 18.6% of the company
abC Defghij	Venture Capital Fund	abCDe	Holds 13.4% of the company
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe	Holds 12.3% of the company; Through RSIS Business Trust

Seed

Mar. 01, 2001

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe

Last Updated:	abCDe
IVC Number:	abCDe