Smart Modular Technologies Inc agreed to be taken private by buyout firm Silver Lake Partners in a cash deal that values the memory chipmaker at about $645 million. "They were acquired due to their leadership for memory modules in Brazil, which remains a relatively hot market for PCs," Avian Securities analyst Win Cramer told Reuters. Global technology companies are picking up acquisition targets in Brazil to take advantage of explosive growth in family income and jobs as well as growing interest in online commerce and mobility solutions. Last September, Silver Lake, a technology-focused private equity firm with investments in Internet video and telephone service Skype and online gaming group Zynga, among others, bought a minority stake in Brazilian Web hosting company Locaweb.
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