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PRINT THIS PAGE European venture firm Alta Berkeley sells stake in Siliquent to Broadcom20/07/2005. Source: AltAssets. 
 London-based venture capital firm Alta Berkeley has sold its investment in Siliquent Technologies to Broadcom Corporation, a specialist in wired and wireless broadband communications semiconductors. Financial terms of the transaction have not been disclosed but Alta Berkeley said the third exit from its current fund had 'made a very attractive multiple and an extremely good IRR.'
Mountain View-headquartered Siliquent develops ethernet controllers that boost server performance. Siliquent's ethernet processing technology enables servers to improve overall application performance while taking advantage of the emerging convergence of data, storage and clustering technologies into a single, standards-based ethernet fabric.
Alta Berkeley invested in Siliquent in October 2004, alongside investors Benchmark and Greylock. AB attributed the success of its investment to the operational experience it was able to contribute to the deal in addition to its capital.
Alta Berkeley has also exited its investments in Synad Technology and Native Networks, which the firm had also made from its current fund.
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