Irvine-based Broadcom Corp. is paying $62 million for a maker of software that works with the company’s networking chips.
Broadcom is acquiring LVL7 Systems Inc. of Research Triangle Park, N.C., the companies said Wednesday.
The deal is set to close in the current quarter. Broadcom is acquiring privately held LVL7’s shares, vested stock options and paying off its debt.
Broadcom could see an as yet undetermined fourth-quarter writeoff for research and development expenses related to the acquisition, the company said.
LVL7, started in 1999, makes software for networking devices used by small to midsize businesses.
The company’s venture backers include Carlyle Venture Partners, the venture arm of The Carlyle Group, Gabriel Ventures Partners, H.I.G. Ventures and Research Triangle Ventures.
