Just made $5 Million US on sale this month TORONTO, ON --(Marketwired - April 12, 2017) - ViXS Systems Inc. (TSX: VXS), a pioneer and leader in media processing solutions, today announced that it has sold its legacy MoCA (Multimedia over Coaxial Alliance) business to MaxLinear, Inc. for US$5 million in cash.
This divestiture will allow ViXS to focus on its core video business strategies, built around delivering best-in-class UHD/HDR solutions for the Consumer and Video Delivery market segments. ViXS plans to use the sale proceeds to improve its balance sheet and for working capital needed to support customers to achieve profitable growth.
Read more at https://www.stockhouse.com/news/press-releases/2017/04/12/vixs-sells-legacy-moca-business-to-maxlinear-with-ip-license#1ib5euyDICLBLL4e.99