Gigle Networks was acquired by Broadcom, a world leader in communications chips, for $83 million in 2010. Gigle was founded in 2005 and developed highly innovative system-on-chip solutions for home networking over existing powerline sockets. Its ‘plug and play’ technology enables every mains socket in a home to be connected easily to the internet. With it, people can link devices such as TVs, Blue-ray players and set-top boxes to Internet TV services including BBC iPlayer, for example.
SEP first invested in Gigle in November 2007 and worked closely with CEO Juan Carlos Riveiro and the management team to develop the business into a successful global operation, with bases in Edinburgh, Barcelona and San Francisco.