E.Pak Resources, an Austin-based startup formed in 1999 by a team of semiconductor industry veterans, was acquired today by Ascend Acquisition Company, a shell company formed in December of 2006 specifically to buyout other businesses.  ePAK’s product areas include IC transport, wafer, and electronic systems handling which are sold globally to a blue chip customer list of semiconductor companies, equipment suppliers, and assembly and test vendors. It is uncertain if the company had raised venture funding.

Following the closing of the transaction, the post-transaction public company will be renamed ePAK International Ltd. It is expected that ePAK International’s common stock and warrants will trade on the NASDAQ Global Market.

Austin-based Legerity, the world’s most trusted name in voice integrated circuits, is one step closer to being acquired by Zarlink Semiconductor Inc. Zarlink announced today  that it has closed its previously announced offering raising $75,000,000 to partially finance the $134.5 million cash acquisition.   However, the sale of Legerity may not be a financial windfall for its stockholders.  Legerity was formed in July 2000 as a spinoff of Sunnyvale, Calif.-based Advanced Micro Devices Inc. The former AMD division was bought by an investor group led by Francisco Partners for $375 million while AMD retained a 10 percent stake in the company.  Francisco Partners invested another $40 million into Legerity in 2001.