Wednesday, September 30, 2015

Mellanox to Acquire EZchip

Mellanox Technologies agreed to acquire EZchip, a supplier of network processors and embedded CPUs for carrier and data center networks, for a cash purchase price of $25.5 per share, implying a transaction value of approximately $811 million (approximately $620 million net of cash).

EZchip’s silicon portfolio of solutions includes network processors, multi-core processors, intelligent network adapters, and high-performance appliances with a comprehensive software ecosystem, that scale to terabit performance levels. The company has expertise in security, deep packet inspection, video, and storage processing. EZChip is based in Yokneam, Israel. Eli Fruchter has served as CEO since the company's inception in May 1999

Mellanox said the EZchip acquisition is a step in its strategy to become the leading broad-line supplier of intelligent interconnect solutions for the software-defined data centers.

“The synergies between EZchip and Mellanox create attractive opportunities. We expect our combined technologies, and product portfolios to deliver leading end-to-end intelligent interconnect and processing solutions to data centers and wide area networks,” said Eyal Waldman, president and CEO of Mellanox Technologies.

“Joining forces with Mellanox represents numerous synergies that create a true powerhouse for connectivity and processing. With Mellanox's leading layer 1 - 3 connectivity solutions for data centers and EZchip's leading layer 3 – 7 processing solutions for carrier networks, the two companies complement each other in technology, products, markets served and customers. Together, we enable a multitude of layer 1 through 7 solutions for data centers and carriers,” said Eli Fruchter, CEO of EZchip.

The combined businesses currently have approximately 2,400 employees, and have generated combined revenues of $668 million for the twelve months ended June 30, 2015.

http://ir.mellanox.com
http://www.ezchip.com


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EZchip Semiconductor will Tilera Corporation, a developer of high-performance multi-core processors, up to $130 million in cash.  The deal includes $50 million at closing and up to an additional $80 million is payable subject to the attainment of certain future performance milestones. Tilera, which is based in San Jose, California, offers a line of multi-core processors, network interface cards and white-box appliances for data center networking...


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