Time to catch up on some of the latest deals and developments in the Boston-area tech sector:
—Skyworks Solutions (NASDAQ: SWKS), the Woburn, MA-based chipmaker, said it inked a deal to acquireAvnera, a Beaverton, OR-based maker of semiconductors designed to minimize power consumption and enable voice-controlled devices and software. Skyworks will pay $405 million in cash, plus up to $20 million more if certain performance milestones are exceeded during the 12 months following the deal’s closure. The transaction is expected to close by the end of the month, according to a press release.
—Polaris Partners, a Boston-based investment firm that backs technology and healthcare companies spanning various stages, announced it raised $175 million for its debut growth-stage fund. The fund will invest in profitable software, Internet, and tech-enabled services companies. Polaris has made such later-stage deals in the past, but it hadn’t raised a fund dedicated to them, according to a press release. The growth fund is being led by Polaris managing partner Bryce Youngren and partner Dan Lombard.
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