Sunday, November 28, 2010

Mellanox to Acquire Voltaire for $176 Million

Mellanox Technologies agreed to acquire Voltaire Ltd., a provider of scale-out data center fabrics, for $8.75 per share, or a total equity value of approximately $218 million ($176 million net of cash).


Voltaire offers a family of server and storage fabric switches and advanced management software. These products are included in server and blade offerings from Bull, Fujitsu, HP, IBM, NEC and SGI. Founded in 1997, Voltaire is headquartered in Ra'anana, Israel and Chelmsford, Massachusetts.


Mellanox Technologies is a supplier of end-to-end connectivity solutions for servers and storage that optimize data center performance. The company is headquartered in Sunnyvale, California and Yokneam, Israel.

The combined businesses currently have approximately 700 employees and achieved revenues of $217 million for the twelve months ended Sept. 30, 2010.


Mellanox said the deal will enhance its market position as a leading provider of end-to-end connectivity solutions for servers and storage systems. The combination will also help Mellanox achieve meaningful revenue and cost synergies over time, with estimated, annualized cost synergies of at least $10 million by the end of 2012.
Mellanox expects to run the combined business from both companies' current offices located in Israel, the United States and around the world. Further, Mellanox intends to retain both companies' existing product lines and will converge such lines in future product generations to ensure continuity for customers and partners of both companies.
http://www.mellanox.com
http://www.voltaire.com/

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