NXP Semi Buys Code Red

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NXP Semiconductors has brought a new asset into its fold. The company announced it has acquired privately held Code Red Technologies. The latter, a provider of embedded software development tools, is seen as complementary to NXP Semi's existing business.

The terms of the deal were not made public.

NXP Semi said that Code Red's workforce will be consolidated across three locations; San Jose, Calif., Syracuse, N.Y., and Cambridge, U.K. At the moment, the latter has offices in Cambridge and San Francisco.

The article NXP Semi Buys Code Red originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in NXP Semiconductors. The Motley Fool recommends NXP Semiconductors . Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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