written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . april 2016 learn how and when to remove this template message tundra semiconductor corp. type public industry system interconnect founded ottawa ontario 1983 headquarters ottawa ontario key people adam chowaniec chairman daniel hoste ceo david long cfo products rapidio switches pci pci x pci express bridges hypertransport bridges vme bridges host bridges for power architecture power controllers design services and ip number of employees 240 q3 2009 website www.tundra.com tundra semiconductor corporation is a company with headquarters in ottawa ontario canada . it is owned by integrated device technology . tundra supplies communications computing and storage companies with system interconnect products intellectual property ip and design services backed by customer service and technical support . tundra s track record includes bridges and switches enabling industry standards rapidio pci pci x pci express power architecture vme hypertransport interlaken and spi4 .2 . tundra s products enable board design and layout with specific focus on system level signal integrity . tundra s design services division silicon logic engineering inc. offers asic and fpga design services semiconductor intellectual property and product development consulting . tundra has design centers in north america ottawa eau claire wisconsin and in hyderabad india . tundra sales offices are located in europe and throughout north america and asia pacific . tundra has established a worldwide sales and customer support network offering direct sales and distribution through representatives and regional distributors . in september 2003 tundra bought the mpc1xx family northbridge controllers for the powerpc 7xx and 7xxx microprocessors from motorola and they have kept on developing them since now under the name tsi1xx . in 2004 tundra joined with ibm and others to form power.org an organization devoted to drive development and adaptation of power architecture technology . in june 2009 tundra was acquired by idt . 2 contents 1 history 1.1 calmos 1.2 newbridge microsystems 1.3 newbridge affiliate 1.4 ipo & public company 2 references 3 external links history edit though tundra was incorporated as an entity in 1995 its history goes back to 1983 as calmos semiconductor which was subsequently acquired in 1989 by newbridge networks corporation where it became known as newbridge microsystems and in 1995 was spun out as tundra semiconductor . calmos edit former microsystems international and mosaid employee john roberts founded calmos 3 in april 1983 . the company was initially run out of his home in kanata and moved to a facility on edgewater road in kanata once the company had raised funding of 800 000 . the company originally planned to design and produce gate array integrated circuits or chips to canadian and u.s. customers . unfortunately early on design work of this sort dried up and forced the company to focus on developing application specific circuits . these application specific circuits would later be incorporated into a larger circuits for other applications . it ended up being a profitable niche that saw the company through the early 1980s memory market slump . by october 1985 calmos had raised additional funds bringing the total to 1.4 million had grown to 15 employees and had yearly revenue of 1.5 million . in order to increase sales and grow the business john roberts looked for a ceo with experience in the u.s. semiconductor market . he found this in the person of adam chowaniec who had left commodore international s semiconductor division . adam chowaniec became president while john roberts became executive vp of r & d. 4 in february 1988 the company acquired the integrated circuit division of siltronics for 500 000 . the purchase brought with it revenue of 2 to 3 million and all of the inventory machinery customer lists and unfilled orders for siltronics s bipolar integrated circuit product line . calmos also hired 24 of the existing siltonics staff including founder and vice president gyles panther doubling the size of calmos s workforce . 5 later that year federal industry minister michel c t announced that calmos had won a 3.07 million canadian federal grant to work with european silicon structures of bracknell england for joint development of applications specific integrated circuits asic . 6 at about this time the company grew to include an assembly plant located in nepean on stafford road . 7 in march 1989 calmos acquired ultramac conversions which designed and manufactured peripherals for apple s macintosh computers which subsequently operated under the name calmos data the group was headed by the former president lincoln henthorn . 8 by may calmos microsystems had grown to 55 employees was profitable and had sales of over 4.5 million . newbridge networks a calmos customer and founded by welsh entrepreneur terry matthews who had also attended university with founder john roberts acquired the company . newbridge was private at the time and subsequently went public that june financial terms were not disclosed at the time . 9 however in a 1997 ottawa citizen interview john roberts stated that calmos was purchased for 5 million in newbridge pre ipo shares that subsequently became worth about 100 million . 10 newbridge microsystems edit newbridge networks primarily acquired calmos microsystems for its single chip high speed public key data encryption system which became a selling point for newbridge networks systems to the u.s. federal government . the rest of the original calmos product line though revenue generating and profitable was not a major reason for the acquisition these products continued to be sources of revenue well after the division was spun out as tundra most notably this include the 8085 variant which was sold as late as 1999 . 11 in early 1990 newbridge microsystems licensed dy4 vme interface chip set . this became the beginning of the companies involvement in system interconnect development that tundra was later to become a leader in . at about this time calmos founder john roberts left the company to become c.e.o. of the strategic microelectronics consortium 12 and later founded another startup sige microsystems which also spunout sigem . 10 in 1994 newbridge microsystems also developed the sprite t1 the first t1 wide area network access card for a sun microsystems computer co. netra internet server . sprite t1 was an sbus card that enabled full t1 wan service directly in to a sun netra internet server . 13 by early 1995 newbridge microsystems had announced a strategic relationship with motorola inc. for the development of a pci to 68k bridge product family . 14 this was to be the beginning of a long partnership between newbridge microsystems tundra and motorola which continues today with tundra s powerpc system products . in december 1995 newbridge networks decided that since the majority of their microsystems divisions sales were for activities not related to the parent they would spin the company out and maintain a large financial interest . thus newbridge microsystems assets were sold into a new corporate entity known as tundra semiconductor . it is from this date that tundra states that they were founded 15 and the management team that was in place later defined themselves as founders of the new entity . newbridge affiliate edit at the time of the tundra spin out the company raised 10 million cdn 16 in third party investment from venture capital funds and mutual funds 17 terry matthews also made a personal investment and newbridge retained a 38 % ownership in the new entity 16 meaning tundra semiconductor became a member of the newbridge affiliate program . 18 a benefit of the spin out from direct newbridge networks ownership was that tundra was now free to sell to newbridge competitors . newbridge founder terry matthews who was also tundra s chairman of the board encouraged the departure . we re maximizing the company s position he said at the time . there s no doubt that by opening up and appealing to a worldwide market it was justified . 19 the company held its first agm on october 20 where adam chowaniac stated the company would probably go public in 12 18 months . 16 in 1997 canadian industry minister john manley announced that tundra semiconductor would receive a 400 000 loan for r & d use . 20 chowaniec stated to a rideau club luncheon that tundra had 11 million in revenue in 1996 and expected to generate 20 million or 21 million in revenue achieve profitability in 1997 and hoped to increase sales revenues by another 50 per cent in 1998 . he also made reference to the fact that the company was having difficulty in recruiting the talent it needed to move the company forward with about 20 positions for engineers that were unfilled . 21 the company employee count during this period grew from 50 to 70 . 22 tundras hopes to go public in 1998 were dashed by the asian financial crisis that also affected the stock markets . tundra will wait until spring when markets settle adam chowaniec was quoted saying at the companies agm . 23 although this complicated their future growth plans tundra continued to grow from its profits and through the continued support of its private investors . 23 part of this continued growth was the opening of a mountain view office for sales and customer support . 24 tundra s ipo was not delayed as long as feared . with the quick rebound of the stock markets in late 1998 tundra filed its prospectus and announced intentions to raise 25 50 million . 25 ipo & public company edit tundra s ipo even though it was delayed was described as having excellent timing by duncan stewart manager of toronto s navigator technology fund . the markets look to be back on its feet and we re seeing robust growth . he added . 25 though the market valuation of 120 million was considered high 25 the ipo was a success . according to the prospectus tundra had just over 20 million in revenue in its fiscal year 1997 fiscal and a profit of 473 000 . ceo adam chowaniec noted that tundra has been profitable for the last six quarters with a stable of about 450 customers the company also had 95 employees . 26 with the christmas and new years holiday the share placement was delayed in to 1999 . the company began trading on monday february 8 on the toronto stock exchange . the shares placement was at 9.25 but the shares were in such demand that they opened well above this price at 13.10 and closed their first day of trading at 13.24 . it s been a fantastic experience adam chowaniec said at the time people are buying into the stability of the company and the reception from the institutions is positive . 27 the ipo also allowed newbridge networks to sell a portion of its ownership cutting it from 37 % to 17 % . by march the company announced that its stake had fallen to 10.3 % 28 by september 1999 the companies had completed a secondary offering of one million shares for 15.6 million 29 and the stock was trading at 17.25 . 30 the company also announced plans to move into a mixed retail and office space campus in the kanata centrum area 31 which never came to fruition . the buoyant technology market led tundra to look large scale expansion . the company had an internal goal of becoming a billion dollar company in revenues by 2008 at the time the company expected revenue growth to stay at 20 to 50 % annually for the next couple years according to an interview with adam chowaniac . 32 in february 2000 the company announced their q3 results of the company achieved record revenues of 10.435 million and earnings of 1.222 million eight cents a share in