KUALA LUMPUR, Malaysia — Quantum Electro Opto Systems Sdn Bhd (QEOS) has acquired Silicon Valley-based Centric Technologies LLC’s Intellectual Property (IP) assets and people in a US$40 million (RM129 million) deal that announces its global ambitions.

QEOS is a Malaysia-based provider of high-speed, low-power connectivity and intelligent video security solutions.

According to Dr Gabriel Walter, chief executive officer (CEO) of QEOS, the acquisition is potentially worth up to US$40 million based on Centric hitting certain milestones. “These milestones are conservative revenue, profit and time-based milestones spread over almost six quarters,” he said.

Walter said that the 18-month period is for proper technical and market validation of the technology. “It also motivates collaboration, product orientation and assistance in the transfer of technology,” he added.

The acquisition will be partially cash and stock-based, with cash coming from internally and externally generated funds according to Walter, without elaborating.

Centric is a prominent chip company, based in Los Altos, California, that provides gigabit wireless and wireline solutions. It is led by a former Georgia Tech University professor, Joy Laskar, who already has three exits to his name.

The company is considered among the leaders in single chip millimeter-wave (MMW) complementary metal-oxide-semiconductor (CMOS) for gigabit wireless solutions. This includes its portfolio of next generation 60GHz 802.11ad Wi-Fi and mobile technologies, as well as integrated gigabit CMOS wireline technologies.