Altitude Partners, the regional private equity fund, has completed a development capital investment into Moortec, a semiconductor Intellectual Property (IP) business supplying ‘in-chip’ monitoring circuits. Moortec’s IP technology serves tier one consumer, enterprise and automotive technology companies.
Jonathan Simm, partner at Altitude comments: “There is extraordinary innovation in the UK. Stephen and the team at Moortec are a superb example of this, creating and developing a business which is at the cutting edge of semiconductor design.”
Moortec has developed a core portfolio of IP for ‘in-chip’ sensors. The three prime areas of Moortec’s expertise are process monitoring, voltage supply monitoring and temperature sensing (‘PVT’ monitoring). Moortec’s monitoring IP is said to be present in more than 10 million smartphones.
Altitude’s investment will assist the business in developing and strengthening both its engineering and sales team and adding new silicon proven designs to their IP portfolio at smaller technology nodes.
Stephen Crosher, Moortec’s managing director said: “Moortec is an ambitious company with plans to develop a number of new IP product lines in to a rapidly expanding market for in-chip monitoring solutions. Support from the team at Altitude and in particular its experience of business growth will prove invaluable.”
Author
Peggy Lee
Source: www.newelectronics.co.uk