Cypress acquires SMaL Camera Technologies

Cypress Semiconductor (NYSE: CY) has agreed to acquire SMaL Camera Technologies, a Cambridge, Mass.-based provider of digital imaging solutions. The deal is valued at $42.5 million in cash, but could grow thanks to a performance-based earnout plan. SMaL Camera has raised over $21 million in venture funding from firms like The Carlyle Group, Wasserstein Ventures, Stata Venture Partners and Yokogawa Electric.