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Tech Industry

Short Take: Cirrus Logic spins off Nuera Communications

Cirrus Logic has sold its wholly owned subsidiary, Nuera Communications, to HarbourVest Partners in a $21 million cash deal. Cirrus spun off Nuera, which specializes in voice- and data-integration systems for networking customers, in order to focus on its core area of system-level integrated circuits.

Cirrus Logic has sold its wholly owned subsidiary, Nuera Communications, to HarbourVest Partners in a $21 million cash deal. Cirrus spun off Nuera, which specializes in voice- and data-integration systems for networking customers, in order to focus on its core area of system-level integrated circuits.