Friday, September 22, 2006
By Ottawa Business Journal Staff
Tech Capital Partners of Waterloo says it has invested an undisclosed amount of venture capital in Sidense, a developer of memory semiconductor intellectual property cores for the non-volatile memory market.
The funds will be used to expand marketing and sales efforts.
The semiconductor industry is driven by a constant need to reduce size and cost and Sidense has found a way to significantly increase memory density at a lower cost point than its competitors, says Andrew Abouchar, partner in Tech Capital Partners.
MSIP cores are memory design blocks used by semiconductor and systems companies in the design of complex integrated circuits and systems-on-a-chip found in devices such as flat panel displays, set-top boxes, PDAs and mobile phones.
Sidense has offices in Mississauga and Ottawa, and sales offices in San Francisco and Tokyo.