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May 9, 2011 02:13 pm GMT

Broadcom Acquires Security Software Developer SC Square For $42 Million

Consumer device chip maker Broadcom has acquired SC Square, a security software maker based in Tel Aviv, Israel, the company announced over the weekend.Broadcom will pay $41.9 million, net of cash, to purchase all of the outstanding shares of capital stock and other equity rights of SC Square, which provides a number of chip security and communication products and solutions.

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