P
PrairieComm
And markets chipsets, embedded software and licensed intellectual property for cdma, tdma, gsm and 3g umts wireless
About PrairieComm
PrairieComm, Inc. operated as a key developer in the wireless communications sector, specializing in chipsets, embedded software, and licensable intellectual property for the personal wireless communications industry. The company was established in 1994, co-founded by John Diehl, who brought his experience designing cell phone chips at Motorola, and Ed Roney, another Motorola alumnus. John Diehl's father, Jack Diehl, a former senior executive at Borden Chemical Inc., joined the following year to lead business development, and was instrumental in securing $40 million in venture funding from Greylock Management Corp. and Lucent Venture Partners.
The firm's business model centered on designing and marketing these core technology components to manufacturers of wireless subscriber equipment. PrairieComm's strategy involved targeting consumer electronics companies and second-tier cell phone makers, rather than directly competing with the dominant players like Nokia, Motorola, and Ericsson at the time. Its product portfolio was engineered to support a wide array of wireless standards, including CDMA, TDMA, GSM, and the emerging 3G UMTS technologies. A significant milestone was the October 1997 multi-million dollar, royalty-bearing license agreement with Qualcomm, which allowed PrairieComm to develop, manufacture, and sell cdmaOne Application-Specific Integrated Circuits (ASICs). This agreement was crucial, enabling the company to offer a single-chip solution and address all major U.S. digital cellular and PCS standards.
PrairieComm's products were recognized for their performance, low power consumption, and high level of mixed-signal integration, which resulted in a smaller die size. The company's growth led to the expansion of its engineering talent pool by opening design centers in cities like Minneapolis. Ultimately, the company's journey culminated in its acquisition by Freescale Semiconductor in February 2005. The acquisition transferred PrairieComm's assets and approximately 120 employees to Freescale, aiming to bolster Freescale's capabilities in baseband chip development for 3G wireless solutions.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 1994
- Headquarters
- Rolling Meadows, United States
- Open positions
- None listed
- Dealroom signal
- 18.3/100
- Industry
- Real Estate
- Sector
- Real Estate, Intellectual Property
- Client focus
- b2b
- Links
- Website
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Feb 2005 | $0 | — | Freescale Semiconductor | — |
| LATE VC✓Equity / VC | Nov 1998 | $40M | $160M | Lucent Venture Partners · Greylock Partners | — |
Growth signals
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later2 investors entered at this stage
- LPLucent Venture Partners
Greylock Partners
Other known investors1 additional known investor
Freescale Semiconductor
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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