Entropic Communications

Entropic Communications
Founded San Diego, California (2001 (2001))
Key people
Dr. Ted Tewksbury(CEO) [1]
Products Semiconductors

Entropic Communications is a provider of semiconductor solutions for the connected home. Founded in 2001, the company is headquartered in San Diego, California, USA, and maintains offices worldwide. The fabless semiconductor company is recognized for inventing the MoCA® (Multimedia over Coax Alliance) home networking technology, creating Direct Broadcast Satellite (DBS) Outdoor Unit (ODU) single-wire technology, and developing the industry’s first ARM® processor and OpenGL graphics Set-top box (STB), System-on-a-Chip (SoC). Entropic completed its initial public offering on December 7, 2007, listing on the NASDAQ exchange under the ticker symbol ENTR.

Entropic was acquired by MaxLinear for a total consideration of $287 million on February 3, 2015.

Products

Entropic is the only pure-play platform semiconductor company in the connected home market and offers a diverse portfolio of integrated circuit (IC) technology and advanced platform software solutions:

Global Expansion

In 2005, the company began its global expansion with the opening of its Asia regional headquarters in Hong Kong.[5] The company expanded its Asia-Pacific presence in Korea in 2010 and in Japan in 2011.[6]

Controversy

In March of 2014, Entropic's former CEO Patrick Henry was charged with three misdemeanors, two of which were dropped, and one reduced to an infraction.[7] The charges stemmed from an altercation at Sundance Film Festival involving reality TV star Ariane Bellamar.[8] On June 19th, 2014 he was found guilty of the assault charge; his sentence consisted of a $400 fine, 40 hours of community service, and counseling for alcohol and anger management.[9] Patrick Henry was not terminated from his position. In September of 2014 Entropic hired Barclays to explore the possibilities of selling the business, which concluded with a sale to MaxLinear on February 3, 2015.[10] Patrick Henry resigned as CEO prior to the sale, in November of 2014.

Under Patrick Henry's leadership, Entropic Communications completed its first initial public offering and introduced several market leading technologies. On November 10th, 2014, a decision by the Board of Directors stated that it was the right time for a leadership transition, leading to Dr. Ted Tewksbury replacing Patrick Henry as interim President and Chief Executive Officer.[11]

Major Acquisitions

References

  1. http://globenewswire.com/news-release/2014/11/10/681516/10107273/en/Entropic-Announces-CEO-Transition.html
  2. "DirecTV, Entropic Go South With MoCA". Light Reading. Retrieved 12/01/2013. Check date values in: |access-date= (help)
  3. "Canal Digital deploys Wistron NeWeb 's Entropic-based single-wire cable solution". Display Plus. Retrieved 12/01/2013. Check date values in: |access-date= (help)
  4. Nichols, Tai. "Sky Italia Approves WNC’s LNB Converter". Via Satellite. Retrieved 12/01/2013. Check date values in: |access-date= (help)
  5. "Entropic Communications Opens Hong Kong Office". Freshnews.com. Retrieved 2013-11-30.
  6. "Entropic Communications opens office in Japan". telecompaper. Telecom.paper BV. Retrieved 2013-11-30.
  7. "Entropic CEO Found Guilty Of Assault Infraction | Multichannel". www.multichannel.com. Retrieved 2016-01-11.
  8. "What A Mug: Tech Tycoon Booked On Charges For Allegdly Beating Up ‘Beverly Hills Nannies’ Star Ariane Bellamar". Retrieved 2014-06-19.
  9. "Tech Tycoon Patrick Henry Found GUILTY In Savage Beating Of Reality Star Ariane Bellamar". Retrieved 2014-07-05.
  10. "MaxLinear to buy Entropic for $287 million". The San Diego Union-Tribune. Retrieved 2016-01-11.
  11. Entropic. "Entropic Announces CEO Transition". GlobeNewswire News Room. Retrieved 2016-01-25.
  12. "Entropic Communications Buys RF Magic". socaltech.com. SOCALTECH LLC. Retrieved 2013-11-30.
  13. Donohue, Steve. "Entropic to buy Trident Microsystems set-top assets for $65M". FierceCable. FierceMarkets. Retrieved 2013-11-30.
  14. "Entropic Communications Acquires Direct Broadcast Satellite Intellectual Property from PLX Technology". Press Release PLX Technologies. PLX Technologies. Retrieved 2013-11-30.
  15. Baumgartner, Jeff. "Entropic Splashes Out $13M For Mobius Semiconductor". Multichannel News. NewBay Media, LLC. Retrieved 2013-11-30.
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