Showing posts with label Mergers and Acquisitions. Show all posts
Showing posts with label Mergers and Acquisitions. Show all posts

Monday, November 4, 2019

Broadcom completes acquisition of Symantec Enterprise Security

Broadcom completed its previously-announced acquisition of Symantec's Enterprise Security Business.

The acquired product portfolio includes enterprise endpoint security, web security services, cloud security and data loss prevention.

The deal was valued at $10.7 billion in cash when it was first announced in August.

Symantec's Enterprise Security business will now operate as the Symantec Enterprise division of Broadcom and will be led by Art Gilliland as SVP and General Manager. Mr. Gilliland most recently served as General Manager of Symantec's Enterprise Security business where he oversaw the Enterprise Security product and engineering teams, Enterprise Security Worldwide Sales and the Enterprise Security customer support organization. He brings more than 20 years of experience in the security software industry.

"Today represents an important milestone as Symantec's Enterprise Security business joins our other semiconductor and software franchises that together form the Broadcom platform," said Hock Tan, President and Chief Executive Officer of Broadcom. "Symantec's Enterprise Security business expands our footprint of mission critical infrastructure software for the Global 2000. We are pleased to welcome the talented team of employees at Symantec Enterprise Security to the Broadcom family."

Tuesday, October 15, 2019

Intel acquires Smart Edge from Pivot Technology Solutions

Intel agreed to acquire the Smart Edge intelligent-edge platform business from Pivot Technology Solutions Inc., an IT infrastructure and service provider. Financial terms were not disclosed.

Smart Edge is a cloud-native, scalable and secure platform for multi-access edge computing (MEC). The Smart Edge platform is built to run on Intel Xeon Scalable processors and, going forward, Intel Optane memory, Intel FPGAs and other accelerators. Smart Edge’s software is also highly complementary with Intel’s OpenNESS (Open Network Edge Services Software) project. Approximately 25 Smart Edge employees will join Intel’s Network and Custom Logic Group (NCLG) when the transaction closes, which is expected in the coming weeks.

Intel said the Smart Edge platforms will enable enterprises and communications service providers to bring cloud-like services closer to the user on the customer-premise or network edge.

“This transaction enhances our ability to address the 5G network transformation with a leading position in edge computing. We plan to take full advantage of our combined technologies and teams to accelerate the development of the edge computing market while creating a compelling solution for customers,” stated Dan Rodriguez, Intel vice president in the Data Center Group and general manager of the Network Compute Division.

Also, as a part of this acquisition, Intel and Pivot will sign a Preferred Partner Agreement, which identifies Pivot as an authorized Smart Edge reseller and Intel’s non-exclusive Preferred Systems Integrator for Smart Edge-based edge services solutions.

“Intel is the right company and brand to advance and scale Smart Edge’s software solution,” said Kevin Shank, CEO of Pivot. “Our partnership with Intel will leverage Pivot’s core strengths as a technology integrator and service provider with Intel’s advanced technology solutions to drive the adoption of the Smart Edge platform. We look forward to collaborating with Intel to develop and take to market many new edge computing use cases.”

https://newsroom.intel.com/news/intel-eyes-leadership-5g-edge-computing-acquiring-smart-edge/#gs.agncn0

Wednesday, October 2, 2019

Splunk completes acquisition of SignalFX

Splunk completed its previously announced acquisition of SignalFx, a provider of SaaS real-time monitoring and metrics for cloud infrastructure, microservices and applications. The purchase price is approximately $1.05 billion, to be paid approximately 60% in cash and 40% in Splunk common stock.

SignalFX's analytics is built on a a massively scalable streaming architecture. The company is based in San Mateo, California is backed by Andreessen Horowitz, Charles River Ventures, General Catalyst, and Tiger Global Management.

Splunk said the acquisition strengthens its position as a leader in observability and APM for organizations at every stage of their cloud journey, from cloud-native apps to homegrown on-premises applications.

“We live in a cloud-first world, where developers must have the ability to monitor and observe cloud-native infrastructure and applications in real-time, whether via logs, metrics or tracing. The power of Splunk and SignalFx allows our customers to monitor any relevant data at massive scale,” said Doug Merritt, President and CEO, Splunk. “I’m thrilled to welcome SignalFx to the Splunk team, and can’t wait to show our customers how our data platform can help them turn data into doing.”

Tuesday, October 1, 2019

AFL acquires Optical Telecom for DAS expertise

AFL, an international manufacturer of fiber optic cable, connectivity and accessories, has acquired Optical & Telecommunication Solutions, a leading wireless solutions provider focused on in-building and outdoor Distributed Antenna Systems (DAS). Financial terms were not disclosed.

Optical Telecom is headquartered in Addison, Texas and has offices in Duluth, Georgia and Houston, Texas. The company provides a range of DAS solutions, including design, site survey, installation and project management.

AFL said the acquisition supports its strategy to expand its footprint across the Southwest and Southeast and complement its existing enterprise services.

“Optical Telecom has built its reputation on family values, quality installations and technical expertise,” commented Sam Orendain, Founder of Optical Telecom. “With this new partnership, we are now part of a global team with a great culture and a track record of success and innovation. I couldn’t be more excited for the opportunity this partnership brings to our associates, our customers and to our industry.”

http://www.AFLglobal.com

Sunday, August 18, 2019

VMware to acquire Veriflow for network visibility/assurance

VMware announced its planned acquisition of Veriflow, a start-up offering tools for network verification, assurance, and troubleshooting. Financial terms were not disclosed.

Specifically, Veriflow provides:

  • Network modeling in software;
  • Verifying network connectivity and application availability as well as segmentation assurance; and,
  • Preflight modeling and What-If capabilities to analyze proposed network changes, thus reducing network outages and maintenance windows.

Earlier this year, VeriFlow introduced its CloudPredict SaaS version which offers visibility and assurance across public cloud network deployments. The SaaS is built on the Veriflow verification and analytics platform.

Veriflow is backed by New Enterprise Associates (NEA), Menlo Ventures, the National Science Foundation and the U.S. Department of Defense.

https://www.veriflow.net/

Sunday, August 11, 2019

McAfee acquires NanoSec for container security

McAfee has acquired NanoSec, a start-up offering a multi-cloud, zero-trust application and security platform for containers. Financial terms were not disclosed.

NanoSec developed a wrapper technology that works as an agent and runs on any flavor of Linux and many flavors of Windows OS. NanoSec also provides an agentless Container scanning and Config Audit (including CIS Benchmarks). The NanoSec Intelligent backend can be hosted by the customer on any midsize server on-premise/cloud or as a SaaS service.

Nanosec is based in Santa Clara, California and Bengaluru, Karnataka, India.

McAfee said the acquisition will enable organizations to improve governance and compliance and to reduce risk of their cloud and container deployments. NanoSec’s security capabilities will be applied to applications and workloads deployed in containers and Kubernetes and will be integrated into McAfee MVISION Cloud and MVISION Server Protection offerings. These capabilities include continuous configuration compliance and vulnerability assessment as well as runtime application-level segmentation for detecting and preventing lateral movement of threats.

“NanoSec’s technology is a natural extension for McAfee MVISION Cloud, enhancing our current CASB and CWPP products, and adding to our ‘Shift-Left’ capabilities to deliver on the DevSecOps best practice to improve governance and security," said Rajiv Gupta, senior vice president and general manager of the cloud security business unit, McAfee.

“Joining forces with McAfee means that our groundbreaking capabilities including our unique application-identity based approach for app-level protection and micro-segmentation will be available on a global scale,” said Vishwas Manral, founder and CEO of NanoSec.

Tuesday, August 6, 2019

Cisco to boost Webex with acquisition of Voicea for meeting transcriptions

Cisco agreed to acquire Voicea, a start-up offering an AI-powered meeting transcription service. Financial terms were not disclosed.

Voicea, which is based in Mountain View, California, is the creator of a real-time solution that provides meeting transcription, voice search, and meeting highlights/action items, with robust data privacy. 

Cisco said the Voicea technology will enhance its Webex portfolio of products. The acquisition is expected to close in the first quarter of Cisco's fiscal year 2020, subject to customary closing conditions and required regulatory approvals.The Voicea team will join the Webex portfolio team, led by Sri Srinivasan, Senior Vice President and General Manager.

Cisco notes that more than 130 million people use Webex every month, and that more than 360 million meetings happen on Webex each year.


Friday, July 26, 2019

VMware to acquire UHANA for telco AI

VMware agreed to acquire Uhana, a start-up focused on deep learning and real-time AI in carrier networks and applications. Financial terms were not disclosed.

VMware said it intends to add Uhana’s technology to its own Telco Cloud and Edge Cloud portfolio.

Uhana, which is based in Palo Alto, California, is developing a highly-scalable, low-latency, real-time stream processing and AI platform, deployable in the operator’s private cloud or public cloud infrastructure. It includes a high-performance stream processing engine that ingests subscriber-level network telemetry from a variety of data sources: the radio access network, the core network and optionally even the over-the-top (OTT) application directly, and processes the telemetry to provide real-time, per-subscriber visibility. It also includes an AI engine that discovers and predicts anomalies in the network and/or application, prioritizes them by their estimated impact, infers their likely root causes and automatically recommends optimization strategies for the best subscriber experience.

In a blog posting, Uhana co-founder Sachin Katti writes: "After the deal closes, with the addition of Uhana’s technology to VMware’s Telco and Edge Cloud portfolio, Uhana will further support VMware’s ability to serve the telecom industry and deepen intelligence in the journey to 5G. Uhana’s technology will empower intelligence and analytics for the VMware Smart Assurance and VMware Smart Experience products."

http://www.uhana.io/about
https://blogs.vmware.com/telco/vmware-to-add-uhana-to-telecommunications-portfolio-harnessing-the-power-of-ai-for-mobile-networks/

VMware to acquire Bitfusion for virtualized hard acceleration

VMware has agreed to acquire Bitfusion, a pioneer in virtualization of accelerated compute with a strong focus on GPU technology. Financial terms were not disclosed.

Bitfusion offers a software platform that decouples specific physical resources from the servers they are attached to in the environment. This enables better sharing of GPU resources among isolated GPU compute workloads, even allowing sharing to happen across the network.

For example, the platform can share GPUs in a virtualized infrastructure, as a pool of network-accessible resources, rather than isolated resources per server. Additionally, the platform can be extended to support other accelerators like FPGAs and ASICs. In many ways, Bitfusion offers for hardware acceleration what VMware offered to the compute landscape several years ago. Bitfusion also aligns well with VMware’s “Any Cloud, Any App, Any Device” vision with its ability to work across AI frameworks, clouds, networks, and formats such as virtual machines and containers.

VMware said the acquisition of Bitfusion will bolster its strategy of supporting AI- and ML-based workloads by virtualizing hardware accelerators. VMware plans to integrate Bitfusion into the vSphere platform.

Bitfusion is based in Sunnyvale, California and Austin, Texas.

https://bitfusion.io/

VMware to acquire Avi Networks for cloud load balancing

VMware agreed to acquire Avi Networks, start-up offering multi-cloud application delivery services. Financial terms were not disclosed.

Avi Networks, which is based in Santa Clara, California, delivers multi-cloud application services including a Software Load Balancer, Intelligent Web Application Firewall (iWAF) and Elastic Service Mesh. Avi’s central control plane and distributed data plane deliver application services as a dynamic, multi-cloud fabric which intelligently automates decisions and provides unprecedented application analytics and on-demand elasticity. Avi customers can dispatch services such as load balancing and web application firewall to any application using one centralized interface. Avi technology runs across private and public clouds, and supports applications running on VMs, containers and bare metal. The company claims hundreds of global enterprise deployments, including Fortune 500 companies representing the world’s largest financial services, media, and technology companies.

VMware said it will offer both built-in load balancing capabilities as part of VMware NSX Data Center, and an advanced, standalone ADC. Avi Networks will further enable VMware to bring the public cloud experience to the entire data center—automated, highly scalable, and intrinsically more secure with the ability to deploy applications with a single click.

Strategic Wireless Infrastructure Funds buys cell towers in Iowa

Strategic Wireless Infrastructure Funds Management has acquired a portfolio of cell towers located in various counties throughout Iowa.

“We believe this acquisition highlights our expertise and commitment to creating strategic partnerships not only with tower owners and developers but with the wireless operators as well. This was a complex and challenging acquisition that served to accentuate the unique experience and robust capabilities of our management team.”

The towers are at approximately 50% capacity, which management believes provides significant upside and value creation upon lease-up. Management expects to pursue additional wireless carriers, governmental agencies, radio stations, wireless internet service providers and others to help maximize occupancy on the towers.

Jerry Sullivan, CEO of Strategic Wireless, stated, “We believe this acquisition highlights our expertise and commitment to creating strategic partnerships not only with tower owners and developers but with the wireless operators as well. This was a complex and challenging acquisition that served to accentuate the unique experience and robust capabilities of our management team.”

Tuesday, July 9, 2019

Google to acquire Elastifile to enable easier petabyte level operations

Google agreed to acquire Elastifile, a start-up provider of scalable, enterprise file storage for the cloud.

Elastifile, which is based in Herzliya, Israel with offices in Santa Clara, California, offers a software-defined approach to managed Network Attached Storage (NAS), enabling organizations to scale performance or capacity without cumbersome overhead.

Elastifile will now be integrated with Google Cloud Filestore.

Google said the combination of Elastifile and Google Cloud will bring traditional workloads into GCP faster and simplify the management and scaling of data and compute intensive workloads. Google also expects this combination will empower businesses to build industry-specific, high performance applications that need petabyte-scale file storage more quickly and easily.

"Helping our customers solve difficult storage challenges for their most critical workloads has enabled these enterprises to unleash the full benefits of the cloud,” said Erwan Menard, CEO at Elastifile. “We’re excited to join Google for the next part of our journey, building on the success we’ve had together over the past two and a half years. File storage is essential to enterprise cloud adoption and, together with Google, we are well-positioned to serve those needs."

Earlier this year, Google launched Elastifile File Service on GCP, a fully-managed version of Elastifile integrated with Google Cloud. Customers like Appsbroker, eSilicon and Forbes have already taken advantage of the latest Elastifile solutions on GCP.

“In recent years, we’ve seen enterprises increasingly deploy traditional applications as well as new performance sensitive applications to the cloud,” said Deepak Mohan, Research Director at IDC.  “These applications require on-premises level of performance for latency and consistency alongside of the scalability benefits of the cloud. The acquisition of Elastifile will better enable Google Cloud customers to meet this mix of needs, as they deploy such workloads to the Google Cloud Platform.”

https://cloud.google.com/blog/topics/inside-google-cloud/expanding-our-enterprise-file-storage-offerings-to-simplify-the-management-and-scaling-of-data

https://www.elastifile.com

Google to acquire Alooma to simplify cloud migration

Google agreed to acquire Alooma, a start-up specializing in cloud data migration. Financial terms were not disclosed.

Alooma, which is based in Tel Aviv with an office in Redwood City, California, helps enterprise companies streamline database migration in the cloud with an innovative data pipeline tool that enables them to move their data from multiple sources to a single data warehouse. Alooma was backed by Sequoia and Lightspeed Venture Partners. Alooma was co-founded by Yoni Broyde and Yair Weinberger.

Google said the acquisition enables it to ofer customers "a streamlined, automated migration experience to Google Cloud, and give them access to our full range of database services, from managed open source database offerings to solutions like Cloud Spanner and Cloud Bigtable."

Monday, July 8, 2019

GTT to acquire KPN International for EUR 50 million

GTT Communications agreed to acquire KPN International for approximately €50 million in cash, on a cash and debt-free basis.

KPN International, which is headquartered in the Netherlands and is a division of KPN N.V., operates a global IP network serving enterprise and carrier clients.

GTT said the acquisition augments its the scale and reach of its Tier 1 global IP network in Europe. KPN International's network spans 21 countries, including long-haul fiber routes and metro rings in Frankfurt, London, Amsterdam and Paris. It has more than 400 strategic enterprise and carrier clients.

“The acquisition of KPN International deepens our market presence in the European region,” said Rick Calder, GTT president and CEO. “The world-class resources contributed from this acquisition, including a highly experienced team, international network assets and a deep roster of multinational clients, will help us deliver on our purpose of connecting people across organizations around the world and to every application in the cloud.”

The acquisition is expected to close in the third quarter 2019 subject to obtaining the required regulatory approvals.

GTT acquires Accelerated Connections, expanding across Canada

GTT Communications has acquired Accelerated Connections (ACI), a Toronto-headquartered provider of managed networking, voice-over-IP (VoIP) and colocation services, serving large distributed Canadian enterprises. Financial terms were not disclosed at this time.

ACI operates a network connecting all of Canada's provinces, as well as two state-of-the-art data center facilities.

GTT said the acquisition extends its market presence and unique network assets in Canada, including its landing station for GTT Express, the lowest latency transatlantic cable system. The acquisition also adds strategic clients in key vertical markets, including hospitality, retail and financial services.

“ACI’s deep experience in delivering cloud networking services to distributed enterprises in Canada significantly expands GTT’s global presence,” said Rick Calder, GTT president and CEO. “This acquisition demonstrates our commitment to invest in assets and capabilities that enable us to deliver on our purpose of connecting people across organizations and around the world.”

“The combination of ACI and GTT creates a disruptive competitor in the Canadian market,” said Michael Garbe, ACI CEO. “Customers will benefit from access to GTT’s Tier 1 IP network, comprehensive service portfolio, global reach and deep experience in connectivity and managed services. We expect a rapid and smooth integration over the coming months.”

GTT's acquisition of Interoute adds 72K km of European fiber to its transatlantic cables

GTT Communications agreed to acquire Interoute, operator of one of Europe’s largest independent fiber networks and cloud networking platforms, for approximately €1.9 billion ($2.3 billion) in cash.

Interoute's European fiber backbone spans 72,000 route kilometers connects nearly 200 data centres and colocation facilities.  Interoute also owns 15 of its own data centers and 33 colocation facilities. Its customers include international enterprises, as well as the world’s major service providers, ICPs and OTT providers. The company also operates 18 Interoute Virtual Data Centres (VDCs) globally, including three in Asia-Pacific, which are tied into its fiber backbone. In October 2017, Interoute launched its "Edge SD-WAN" service.

Interoute offers transport services (wavelength, Carrier Ethernet, managed bandwidth, storage connect, IP transit, cloud connect) and infrastructure services (dark fiber and data center colocation).

Interoute reported revenues of €718 million and adjusted EBITDA of €165 million for the 12 months ending September 30, 2017.

GTT said the merger contributes significant infrastructure, edge and hosted services to its network, as well as over 1,000 strategic enterprise and carrier clients, primarily headquartered in Europe.

In January 2017, GTT acquired Hibernia Networks and its five subsea cables, including Hibernia Express, the lowest latency transatlantic cable system, and eight cable landing stations, new global points of presence, and key clients in the financial services, media and entertainment, web-centric and service provider segments.

“The acquisition of Interoute represents a major milestone in delivering on our purpose of connecting people, across organizations and around the world,” said Rick Calder, GTT president and CEO. 

Orange completes acquisition of SecureLink for EUR 515 million

Orange completed its previously-announced acquisition of SecureLink, a leading independent cybersecurity player in Europe, for EUR 515 million.

SecureLink provides a full range of cybersecurity services including specialized security consulting, security maintenance and support with 24/7 service desks (SOCs) as well as advanced managed detection and response capabilities (MDR). The group is also a leading value-added reseller of security software and hardware solutions, holding more than 1,000 technical or sales accreditations with blue chip security vendors.

SecureLink was founded in 2003 and is based in the Netherlands with over 660 employees and 14 offices. In 2018, SecureLink recorded IFRS revenues of €248m.

Orange said the acquisition makes it one of the European leaders of cybersecurity with c.1,800 employees, more than €600m PF revenues in 2018 and strong positions in major local markets through its unique European DNA and a comprehensive cybersecurity services offering.

Orange is already a leading player in the French market through Orange Cyberdefense (€303m revenues in 2018, up 12% vs. 2017).

Monday, July 1, 2019

Applied Materials acquires Kokusai for batch wafer processing

Applied Materials agreed to acquire Kokusai Electric Corporation for $2.2 billion in cash from global investment firm KKR.

Kokusai Electric specializes in batch processing systems and services for memory, foundry and logic customers.

Applied said these systems complement its portfolio of single-wafer processing systems.

Following the close of the transaction, Kokusai Electric will operate as a business unit of Applied’s Semiconductor Products Group and continue to be based in Tokyo, with technology and manufacturing centers in Toyama, Japan and Cheonan, Korea. The acquisition is expected to be immediately accretive to Applied’s non-GAAP earnings per share at close.

“The opportunity to combine with Applied Materials will be very attractive for Kokusai Electric’s customers and employees alike,” said Fumiyuki Kanai, president and CEO of Kokusai Electric. “We are excited about the opportunity to integrate Kokusai Electric’s experienced team with Applied’s global development, customer support and services capabilities. We believe the combination will accelerate our ability to bring exciting new technologies to customers.”

http://www.appliedmaterials.com


Monday, June 10, 2019

Intel to acquire Barefoot Networks for programmable switching silicon

Intel agreed to acquire Barefoot Networks, a start-up developing programmable Ethernet switch silicon and software for use in the data center. Financial terms were not disclosed.

Intel said the acquisition will support its focus on end-to-end cloud networking and infrastructure, enabling it to better compete in the Ethernet switching segment.

Barefoot, which is based in San Jose, California, is shipping the second generation of its P4-programmable Tofino Ethernet switch application-specific integrated circuit (ASIC) family.

Tofino 2 delivers 12.8 Tbps of packet processing capacity for hyperscale data centers, cloud, enterprise and service provider networks. The device leverages 7nm process technology and is designed for full P4-programmability.

Tofino 2 highlights:

  • World’s first 7nm switch ASIC 
  • Supports up 32x400GE on a single chip.
  • Supports up to 256x10/25/50GE ports on a single chip.
  • Fully P4-programmable, enabling various deployment options, from a standard top-of-rack switch to a service provider router, or even a feature-rich switch appliance. 

  • Support for extra large table sizes for routing, tunnels, and access control lists (ACLs).
  • Support for Barefoot SPRINT- Barefoot's enhanced version of the industry-standard In-band Network Telemetry (INT), providing fine-grained per-packet intelligent real-time visibility of network traffic. 
  • Leverages the growing industry-wide P4 Ecosystem supported by multiple switch and network interface controller (NIC) chips.
  • Modular architecture enabling rapid integration of 112G SerDes and silicon photonics.
Tofino 2 was announced in December 2018. Customers cited in the Barefoot press release include Goldman Sachs, Cisco, Alibaba Infrastructure Services, Tencent, Baidu, JD Cloud, and Ucloud. Barefoot has also announced design wins with Arista, Edgecore and others.

https://www.barefootnetworks.com/
https://newsroom.intel.com/editorials/intel-acquire-barefoot-networks/#gs.i7cnfy

Founded in 2013, Barefoot is backed by investors including Andreessen Horowitz, Lightspeed Venture Partners and Sequoia Capital. The company has raised approximately $155 million in five funding rounds, most recently raising $23 million in November 2016 in a round led by Alibaba and Tencent.


Sunday, June 9, 2019

NTT Com acquires Spain's CAPSiDE

NTT Communications has acquired CAPSiDE S.L., a provider of hyperscale cloud managed services headquartered in Barcelona. Financial terms were not disclosed.

CAPSiDE specializes in integrated managed services, especially in Europe, for operations enabled with hyperscale cloud services such as Amazon Web Services, Microsoft Azure and Google Cloud Platform.

CAPSiDE now becomes part of NTT Com Managed Services (NTT Com's subsidiary).

Damian Skendrovic, CEO of NTT Com Managed Services: "I am delighted to welcome the CAPSiDE team, their clients, and partners to the NTT family. CAPSiDE's capabilities are very complementary to NTT's portfolio and solidify our public cloud offerings which are increasingly high in demand."

Josep Ruano, CEO of CAPSiDE: "This is an exciting time for CAPSiDE, our clients, and partners. Joining NTT will give CAPSiDE the ability to leverage NTT's global presence and resources to accelerate worldwide adoption of our comprehensive hyperscale cloud managed services, highly-specialized cloud transformation consulting services and cloud enablement. Our goal is to continue to build "CAPSiDE, an NTT Company" into the best hyperscale cloud managed services company in the industry."

Thursday, June 6, 2019

Cisco to acquire Sentryo for industrial IoT

Cisco agreed to acquire Sentryo, a company based in Lyon, France that provides device visibility and security solutions for industrial control system (ICS) networks. Financial terms were not disclosed.

Sentryo’s industrial IoT/OT technology helps ensure the resilience of industrial networks and protect against cyber security attacks. The solution is used in the energy, manufacturing, oil and gas and transportation sectors.

Cisco said it will combine Sentryo's capabilities with its own intent-based network architecture.

https://blogs.cisco.com/news/cisco-industrial-iot-news
https://www.sentryo.net/


Thursday, May 30, 2019

American Tower to acquire 5,500 sites in five African markets

American Tower agreed to acquire Eaton Towers, which owns and operates approximately 5,500 communications sites across five African markets, for approximately $1.85 billion. American Tower expects to accelerate new build activity across the region due to expanded relationships with multiple key tenants.

The Eaton towers are located in Ghana, Uganda, Kenya, Burkina Faso and Niger. Eaton Towers was co-founded in 2009 by Terry Rhodes, CEO. Alongside the majority shareholder, Capital International, investors include Development Partners International, Ethos and Standard Chartered.

American Tower said the Eaton assets are expected to generate approximately $260 million in property revenue and approximately $165 million in gross margin, at current exchange rates, in their first full year in American Tower’s portfolio.

Jim Taiclet, American Tower’s Chief Executive Officer stated, “This transaction will significantly augment our existing footprint in Africa and positions ATC to take even better advantage of the growth opportunity in the region as 4G mobile data technology is deployed to serve millions of Africans over the coming years.”

http://www.americantower.com

  • American Tower's global portfolio includes more than 170,000 sites.

Wednesday, May 29, 2019

Palo Alto Networks to acquire Twistlock and Puresec

Palo Alto Networks announced two acquisitions: Twistlock, a specialist in container security, and PureSec, a leader in serverless security.

Twistlock, which is based in Portland, Oregon, combines vulnerability management, compliance, and runtime defense for cloud-native applications and workloads. The company serves more than 290 customers, with more than a quarter on the Fortune 100 list. Twistlock co-founders, Ben Bernstein and Dima Stopel, will join Palo Alto Networks. Palo Alto Networks will pay approximately $410 million in cash to acquire Twistlock. Investors in Twistlock included ICONIQ Capital, YL Ventures, TenEleven, Rally Ventures, Polaris Partners and Dell Technologies Capital. The company raised about $63 million in total funding over several rounds.

"Our vision for a cloud-native security platform is a natural fit with Palo Alto Networks cloud strategy. We have liked-minded teams, and we’re looking forward to accelerating our ability to serve customers and partners on their cloud-native journey together," stated Ben Bernstein, co-founder and CEO, Twistlock.

PureSec, which was founded in 2016 and is based in Tel Aviv, specializes in serverless security. The company provides end-to-end security for serverless functions that cover vulnerability management, access permissions, and runtime threats. PureSec co-founders, Shaked Zin, Ory Segal, and Avi Shulman, will join Palo Alto Networks. Terms of the PureSec transaction were not disclosed.

Palo Alto Networks said the acquisitions will further advance the company’s ability to offer the most complete and comprehensive cloud security suite in all critical areas of cloud security.

"Today marks another exciting step forward in our commitment to offering our customers the industry's most complete cloud security offering. We believe that our acquisition of these leading companies will significantly enhance our ability to be the cybersecurity partner of choice for our customers, while expanding our capabilities and strengthening our Prisma cloud security strategy," stated Nikesh Arora, chairman and CEO of Palo Alto Networks.

Marvell sells Wi-Fi business to NXP for $1.76 billion

NXP will acquire Marvell’s Wi-Fi Connectivity business for $1.76 billion in cash.

The deal includes Marvell’s Wi-Fi and Bluetooth technology portfolios and related assets. The business employs approximately 550 people worldwide and generated roughly $300 million in revenue in Marvell’s fiscal 2019.

NXP said the acquisition enables it to offer a full range of wireless connectivity solutions including WiFi 4, 5, 6 and Bluetooth/ BLE combo along with its flagship edge computing platforms. including I.MX, Layerscape, Kinetis, LPC and the newly introduced RT Crossover Processors.

“We are excited to be able to combine Marvell’s world-class connectivity with NXP’s industry leading embedded processing, we can offer our customer base the broadest portfolio of Edge solutions which includes tailored security and a full suite of wireless connectivity spanning WiFi, Bluetooth, Bluetooth Low Energy, Zigbee, Thread and NFC,” said Richard Clemmer, chief executive officer of NXP.

“NXP has built a broad consumer footprint and an optimized platform for IoT applications, making it an ideal home for our innovative Wi-Fi technology and team,” said Matt Murphy, president and CEO of Marvell. “At the same time, this transaction yields a premium valuation and substantially higher economic return for Marvell shareholders while accelerating our transformation into a leading infrastructure supplier spanning 5G, data center, enterprise and automotive Ethernet applications.”

“We are excited to be able to combine Marvell’s world-class connectivity with NXP’s industry leading embedded processing, we can offer our customer base the broadest portfolio of Edge solutions which includes tailored security and a full suite of wireless connectivity spanning WiFi, Bluetooth, Bluetooth Low Energy, Zigbee, Thread and NFC,” said Richard Clemmer, chief executive officer of NXP. “I am delighted this world-class team with the right set of complementary connectivity technologies is joining NXP, enabling us to deliver on our commitment to provide Secure Connections for the Smarter World.”

Monday, May 20, 2019

Marvell to acquire Avera Semi, the ASIC division of GLOBALFOUNDRIES

Marvell agreed to acquire Avera Semiconductor, the ASIC business of GLOBALFOUNDRIES, for $650 million in cash at closing plus an additional $90 million in cash if certain business conditions are satisfied within the next 15 months.

Marvell said its ambition is to become the world’s leading supplier of infrastructure semiconductor solutions and that Avera’s ASIC capabilities will accelerate this transformation. 

Avera, which was once part of IBM’s Microelectronics business, has been responsible for more than 2,000 complex designs in its 25-year history. The team brings design competencies in analog, mixed-signal and SoCs as well as a rich IP portfolio including high-speed SerDes, high-performance embedded memory and advanced packaging technology.  Avera also has strong relationships with blue-chip wired and wireless networking OEMs, having delivered custom solutions for multiple generations of switches, routers and base stations.  More recently, Avera has started to address emerging opportunities in next-generation cloud data centers with multiple programs in development.

Marvell's capabilities enable a wide range of digital processing including baseband, processors, Ethernet switches and PHYs.  Marvell’s opportunity set has recently expanded to encompass a number of custom SoCs addressing a broader portion of the base station.  Several of these new products are designed to replace FPGAs with purpose-built optimized silicon.  At the same time, Avera has provided custom products to be deployed in the radio head of a leading wireless infrastructure OEM for multiple generations. 

“Our acquisition of Avera enables us to offer the complete spectrum of product architectures spanning standard, semi-custom to full ASIC solutions,” said Matt Murphy, president and CEO of Marvell.  “With their highly experienced design team and Marvell’s leading technology platform, we will be better positioned to capitalize on our expanding opportunity in wired and wireless infrastructure, starting immediately in the fast growing 5G base station market.  In addition, we are looking forward to furthering our successful partnership with GLOBALFOUNDRIES in the coming years and beyond.”

“This transaction is another example of our commitment to focus on our core business of providing differentiated foundry offerings as a manufacturing service provider, while establishing deeper relationships with customers who are leaders in their respective sectors,” said Tom Caulfield, CEO at GLOBALFOUNDRIES.  “With this deal and our growing strategic partnership with Marvell, we will forge new opportunities for the teams of both companies to leverage GF’s broad set of offerings and capitalize on the 5G infrastructure market as well as other opportunities.  We look forward to becoming a strategic provider for Marvell for decades to come.” 

Marvell to acquire Aquantia for multi-Gig Ethetnet

Marvell Technology Group agreed to Aquantia for $13.25 per share in cash, representing approximately $452 million in transaction value after adjusting for net cash on Aquantia's balance sheet.

Aquantia, which is based in San Jose, California, specializes in Multi-Gig 2.5G/5G/10G Ethernet over copper products. Its portfolio automotive PHYs for in-vehicle Ethernet networks supporting level 4 and 5 autonomous driving.

Marvell said the acquisition complements its portfolio of copper and optical physical layer product, including its gigabit PHY and secure switch products.

"Our acquisition of Aquantia will fuel Marvell's leadership in the transformation of the in-car network to high-speed Ethernet over the next decade," said Matt Murphy, president and CEO of Marvell.  "At the same time, Aquantia extends our reach in the rapidly emerging Multi-Gig segment of network infrastructure and creates a leading end-to-end Ethernet connectivity portfolio."

"Marvell and Aquantia share a vision where the network – whether in an autonomous vehicle, an enterprise application or in cloud infrastructure – can seamlessly power the data economy," said Faraj Aalaei, chairman and CEO of Aquantia. "This is a fantastic opportunity as our customers will benefit from Marvell's global scale and expanding footprint in Multi-Gig network applications."

The transaction is expected to be immediately accretive to Marvell's non-GAAP earnings per share and generate significant annual run-rate synergies of $40 million to be realized within 12 months after the transaction closes.

Marvell intros silicon for 5G infrastructure

Marvell, whose 3G and 4G solutions are widely deployed in 3G and 4G networks worldwide, announced an end-to-end silicon platform for 5G infrastructure.

Whereas initial deployments of 5G NR have been dominated by FPGA-based solutions, Marvell said its 5G solution encompasses baseband DSPs, Arm multi-core SoCs, purpose-built hardware accelerators, Ethernet connectivity engines and system-level security solutions.

Marvell's 5G NR Platform includes:

  • Radio Access SoCs: The OCTEON Fusion-M product line is optimized for cost/power and programmable with a 3GPP protocol stack split and massive MIMO capabilities. Marvell's SoCs set the performance benchmark for both LTE-A and 5G NR, with multiple deployments through key industry partners.
  • Transport/EPC Core Processors: Multi-core OCTEON processors that are optimized to address the most demanding use cases of 5G NR. Marvell's scalable data-plane acceleration makes its embedded processors ideal for 5G Core/EPC applications at the heart of the network as well. Marvell uniquely offers a single unified architecture for both transport and EPC core.
  • Ethernet Networking: switches and PHYs for carrier infrastructure. Marvell Prestera switches contain hierarchical traffic management for mobile infrastructure. In addition, Marvell's differentiated switching solutions allow advanced flow identification and access control to enable user-level security.
  • Wi-Fi Connectivity: Marvell is ramping high volume production of 8x8 and 4x4 Wi-Fi 6 solutions. The 802.11ax engines include full MU-MIMO and OFDMA uplink and downlink, multi-gigabit peak speeds, precision location, cloud management, best-in-class beamforming and integrated Bluetooth 5 technology. 
  • ThunderX2 Arm-based Server: Marvell has introduced workload optimized ThunderX2 server processors to augment and enhance its 5G portfolio. 

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