NXP Semiconductors (NASDAQ:NXPI) 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.