Acquired by PMC-Sierra - April 2006
Founded by veterans of an elite special technology unit in the Israel Defense Forces, Passave’s goal was to expand the use of fiber to the home (FTTH), understanding that FTTH would be the key enabler for triple play (voice, video and data) and digital home applications.
Far ahead of the market, BRM successfully identified Passave’s superior technological potential, understanding that the demand for high speed data networks would continue to grow as copper infrastructure became insufficient to support the services required - especially in light of increasing competition from cable companies.
Following investment and ongoing assistance from BRM, Passave launched its first product in 2002 and received many design wins. Sales rose rapidly from less than $1M in 2003 to over $40M in 2005.
In April 2006, Passave was acquired by PMC-Sierra, and became the center of FTTH operations at PMC-Sierra. It is widely regarded as one of the most successful exits in Israel of the post-bubble era.