We don't cover a lot of semiconductor news despite the massive amounts of money and hardcore engineering talent poured into the industry, mostly because it's tough for us to communicate what the innovations are. But it's good news that Helsinki-based VC Conor's portfolio company, AnaCatum, has now been acquired by Fingerprint Technologies for an undisclosed purchase price. Conor was founded in 2005 and this is their third exit, including Imbera and Sensinode.
AnaCatum produces mixed-signal intellectual property, such as Analog-to-Digital, Digital-to-Analogue, and Analog Front End products for chipmakers. The company has been around since 2009 and is headquartered in Linköping with offices in California.
They company should be a good fit for Fingerprint Cards, which develops biometric components and technologies, such as fingerprint scanners, processors, and their own brew of algorithms. Fingerprint Cards is located in Gothenburg.
Johan Carlström, President and CEO at FPC, comments in a statement, “This acquisition provides FPC with world-leading technology that will further strengthen our intellectual property portfolio. FPC also gains access to leading analog IP and ASIC development competencies and, by integrating Anacatum’s development team into FPC, we will further accelerate our development of the industry’s most ambitious portfolio of touch and swipe fingerprint sensors for the mobile devices industry. We are very much looking forward to welcoming the Anacatum team into FPC.”
We're putting a little bit of an "exit" hook on our conference, Arctic15: Exit Path, so it will be good to talk with Conor at the event about their exit.