PulseCore eyes buyout

US-based PulseCore Semiconductor Pvt Ltd, a provider of analog and mixed-signal silicon solutions, is eyeing acquisitions in Taiwan and Korea as part of its growth plans.

The firm, which has a 40-member development centre in Bangalore, registered $14 million revenues during 2006 calendar year.

"Our growth strategies include both organic as well as inorganic growth based on identifying partners and markets. We want to complete one acquisition this year. We are looking for an acquisition in the region of $15 million and above," said PulseCore Semiconductor CEO Narendar Venugopal.

The bulk of the firm's revenues comes from the Asia-Pacific region. "We are targeting $20 million in revenues this year. An acquisition in the Asian region will further strengthen our foothold," he added.

PulseCore was founded in 1998 as a fabless analog and mixed signal company. In 2002, it was acquired by Alliance Semiconductor and rechristened as the Analog and Mixed Signal business unit of the firm.

In 2006, the unit was sold to Shah Capital Partners and August Capital and renamed as PulseCore Semiconductor.

The firm intends to double its headcount in Bangalore by 2009. It is setting up a sales team in India this year.