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Altera acquires TPACK from Applied Micro Circuits

Altera (ALTR) announced it has agreed to acquire TPACK, a wholly-owned subsidiary of Applied Micro Circuits (MCC). TPACK delivers complete FPGA-based OTN products targeting packet and optical networking equipment suppliers. The company believes the acquisition enables Altera to accelerate and expand its OTN solutions roadmap to support the increasing pipeline of customer designs resulting from Altera's successful acquisition in 2010 of Avalon Microelectronics, an OTN IP provider.