RESEARCH TRIANGLE PARK, N.C. — The ongoing shakeup at high-tech giant Intel is having an impact in the Triangle.

Intel’s communications design center in North Raleigh is part of the deal announced this week between Intel and California-based Cortina Systems. Cortina is buying Intel’s optical networking business unit for $115 million.

Intel’s local design operation is focused on optical networking devices as well as digital subscriber line modems for high-speed Internet access and voiceband modems for use with high-speed lines.

“Cortina will open its own facility in RTP,” a spokesperson for Cortina, which is privately held, told WRAL Local Tech Wire. “They expect to have in excess of 30 people there initially.”

Whether Cortina will pick a new site or utilize the existing Intel office is not yet known since details of the acquisition are still being worked out, the spokesperson added.

Intel recently announced plans to shed 10,000 workers and followed that disclosure with the sale to Cortina.

Cortina recently closed on $132 million in venture financing to help fund the Intl purchase. According to Private Equity Wire, Cortina’s round was the third largest venture capital deal in the U.S. this year.

The presence of Cortina in RTP will bring a company backed by numerous high-profile investors, including Morgenthaler Ventures which co-led the latest round along with Canaan Partners along with new investor Institutional Venture Partners. Kodiak Venture Partners, El Dorado Ventures, Invesco Private Capital, Jafco Ventures and Redpoint Ventures are also invested in Cortina.

Cortina, which was founded in 2001, said the Intel purchase was part of its strategy to “becoming the new leader in components for the infrastructure routing, transport, and enterprise markets”.

“There is tremendous product and customer synergy between our existing business and the products and teams we have acquired,” said Amir Nayyerhabibi, Cortina’s chief executive officer, in a statement. “Cortina is an established leader in advanced communications semiconductors, and this acquisition expands our optical and TDM (time division multiplexing) product lines to make us a leader in those markets as well. We also have a reputation for superior quality and customer support, and this acquisition will expand our infrastructure to strengthen our position.”

Cortina also will absorb some Intel operations in Folsom, CA. and Asia.

Intel branded its Triangle design center as “Intel Raleigh”. Operations included residential access, optical components and “edge access”. Edge is a network term referring to communications gear that links local loop connections with networks.

Cortina Systems: www.cortina-systems.com