CAMBRIDGE SILICON RADIO: Cambridge Silicon Radio spins out of Cambridge Consultants with $10m backing.

0 Comments | M2 Presswire, May, 1999

M2 PRESSWIRE-12 May 1999-CAMBRIDGE SILICON RADIO: Cambridge Silicon Radio spins out of Cambridge Consultants with $10m backing (C)1994-99 M2 COMMUNICATIONS LTD RDATE:120599 * "Radio on a chip" company set to break the mould of radio design Cambridge, England -- Cambridge Silicon Radio (CSR) has been spun out of Cambridge Consultants Ltd (CCL) with $10M backing.

Venture capitalists 3i, Amadeus Capital Partners and Gilde IT Fund have provided the investment to establish CSR, a new company focused on the single-chip short-range radio market. Cambridge Consultants Limited, the European technology and innovation arm of global consulting firm Arthur D. Little, will retain a shareholding in the new venture in exchange for certain intellectual property rights....