OPTi Technologies, Inc. agreed to acquire IC business from TranSwitch Corp. (OTCPK:TXCC.Q) for $1.5 million on August 21, 2014. Of the consideration, TranSwitch will get $0.08 million and Israel Trustee of TranSwitch will get remainng $0.08 million.

Acquired assets will be re-launched by OPTi under the same product family names Dolphi and Flipper. Brian Ribeiro of mspire group acted as public relations advisor in the transaction. Marjorie R. Gruszkiewicz of Law Offices of Ronald I. Chorches, LLC acted as legal advisor to trustee of TranSwitch.