Gold Hill Capital's Fund 1 portfolio company Beceem Communications has been acquired by Broadcom (NASDAQ: BRCM). This acquisition gives Broadcom the opportunity to accelerate their time to market in 4G. The combination of Broadcom's 3G/2G cellular solutions, wireless LAN, Bluetooth, GPS, Ethernet switching and other associated IP with Beceem's 4G technology will provide customers access to a wide portfolio of broadband devices.For more on Broadcom's acquisition of Beceem, please click here.

Beceem is the leading provider of 4G semiconductors and offers a number of single-chip solutions optimized for mobile devices and wireless broadband markets. Beceem's products are WiMAX certified, power the CLEAR and NOQ networks in the United States and are validated against WiMAX base stations from all major OEMs. www.beceem.com.

About Gold Hill Capital

Gold Hill Capital is an independent, private venture firm focused on providing debt and equity capital to companies within the technology and life science industries. Gold Hill is capitalized by top-tier institutional investors with aggregate investment capital of approximately $1 billion deployed over two funds. Gold Hill has a highly focused team dedicated to delivering flexible financing solutions for expansion stage companies. Our team provides an unparalleled level of financial experience working with technology companies -- experience that includes investment banking, venture capital, international finance, mezzanine finance and asset-based lending. For more information, contact us at rhelm@goldhillcapital.com or call (408) 200-7847.