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

Monday, September 21, 2020

HPE completes acquisition of Silver Peak

 Hewlett Packard Enterprise (HPE) completed its previously-announced acquisition of Silver Peak. The deal was valued at $925 million. Silver Peak will become a part of Aruba, a Hewlett Packard Enterprise company. 

HPE said the acquisition will strengthen Aruba ESP (Edge Services Platform), helping to advance enterprise cloud transformation with a comprehensive edge-to-cloud networking solution covering all aspects of wired, wireless local area networking (LAN) and wide area networking (WAN).

“WAN transformation is a key component of HPE’s Intelligent Edge and edge-to-cloud vision and growth strategy,” said Antonio Neri, president and CEO of HPE. “Armed with a comprehensive SD-WAN portfolio with the addition of Silver Peak, we will accelerate the delivery of a true distributed cloud model and cloud experience for all apps and data wherever they live.”

“I am very excited to welcome the Silver Peak team to the Aruba family,” said Keerti Melkote, president of Intelligent Edge for Hewlett Packard Enterprise and founder of Aruba Networks. “With the evolving nature of the hybrid workplace, enterprises are looking to extend connectivity to branch locations and enable secure work-from-home experiences. By combining Silver Peak’s advanced SD-WAN technology with Aruba’s SD-Branch and remote worker solutions, customers can simplify branch office and WAN deployments to empower remote workforces, enable cloud-connected distributed enterprises, and transform business operations without compromise.”

As part of the acquisition, Silver Peak founder and CEO David Hughes, will join HPE as the senior vice president of the WAN business within Aruba.


HPE to acquire Silver Peak for $925M and merge it with Aruba

Hewlett Packard Enterprise (HPE) agreed to acquire Silver Peak, an SD-WAN leader, for $925 million in cash. Silver Peak will be combined with HPE’s Aruba business unit and will extend Aruba’s technology leadership in the large and fast-growing SD-WAN space.

Silver Pek, which was founded in 2004 and is a private company based in San Jose, California, has more than 1,500 production SD-WAN customers around the world. The company is headed by its founder, David Hughes.

HPE said Silver Peak’s advanced SD-WAN offerings are highly complementary and strengthen Aruba’s Edge Service Platform (ESP). By combining Silver Peak’s SD-WAN with Aruba’s SD-Branch solutions customers can simplify branch office and WAN deployments to empower remote workforces, enable cloud-connected distributed enterprises, and transform business operations without compromising quality or reliability.

HP Brings in Aruba to Manage its Networking Business

HP agreed to acquire Aruba Networks for $24.67 per share in cash, reflecting an equity value of approximately $2.7 billion net of cash and debt.

Aruba, which is based in Sunnyvale, California, is a leading supplier of WLAN solutions for enterprises.  The company had revenues of $729 million in fiscal 2014, and has reported compound annual revenue growth of 30 percent over the last five years. It has approximately 1,800 employees.  Aruba has made rapid progress in 802.11ac Wi-Fi upgrades.  It offers integrated solutions for many vertical market segments, such as retail or healthcare.

HP said Aruba's marketing and channel model will complement its own networking business and go-to-market breadth.  Together, the companies will focus on next-generation converged campus solutions, leveraging the strong Aruba brand.  This new combined organization will be led by Aruba’s Chief Executive Officer Dominic Orr, and Chief Strategy and Technology Officer, Keerti Melkote, reporting to Antonio Neri, leader of HP Enterprise Group.  With this move, HP will be uniquely positioned to deliver both the innovation and global delivery and services offerings to meet customer needs worldwide.


Friday, September 18, 2020

Ericsson acquires Cradlepoint for $1.1 billion

Ericsson has acquired privately-held Cradlepoint, a provider of Wireless Edge WAN 4G and 5G Enterprise solutions, for US$1.1 billion.

Cradlepoint operates a subscription-based cloud platform that uses wireless edge routers designed to connect fixed and mobile sites, vehicles, field forces, and loT devices over LTE and 5G. The service hepls enterprises connect branch, mobile and IoT endpoints on one WAN. Cradlepoint, which is based in Boise, Idaho, will become a fully owned subsidiary of Ericsson while continuing to operate under its existing brand and be part of Ericsson’s Business Area Technologies & New Businesses. Cradlepoint currently has more than 650 employees. The company was founded in 2006.  In addition to its headquarters in Boise, the company operates a research and development center in Silicon Valley, California, and new market offices in the United Kingdom and Australia.

Ericsson said the acquisition advances its ongoing mission to capture market share in the rapidly expanding 5G Enterprise space. Cradlepoint complements Ericsson’s existing 5G Enterprise portfolio which includes Dedicated Networks and a global IoT platform.

Cradlepoint’s sales for 2019 were SEK 1.2 b. with a gross margin of 61%. Ericsson’s operating margins are expected to be negatively impacted by approximately 1% in 2021 and 2022 - where half is related to amortization of intangible assets which arise from the acquisition. Cradlepoint is expected to contribute to operating cash-flow starting in 2022. Ericsson’s 2022 group financial targets remain unchanged. 

Börje Ekholm, President and CEO Ericsson, says: "Portfolio-near acquisitions are an integral part of our earlier communicated strategy. The acquisition of Cradlepoint complements our existing offerings and is key to our strategy of helping customers grow the value of their 5G network investments. Ericsson is uniquely positioned to build on Cradlepoint’s leadership position in Wireless Edge and the wireless WAN market. Combining the scale of our market access and established relationships with the world’s biggest mobile operators we are making a strong investment to support our customers to grow in this exciting market. I would like to extend a very warm welcome to all Cradlepoint employees.”

George Mulhern, CEO and Chairman, Cradlepoint says: “We have led the way in bringing the power of cellular networks and technologies to enterprise and public sector customers – helping them connect beyond the limits of traditional wired WANs. Ericsson with its global 5G leadership is a great match for us and I am very excited to continue to scale and expand our business together.”


 

Tuesday, September 15, 2020

Co-founder of ARM urges UK to block sale to NVIDIA

 Hermann Hauser, co-founder of Arm, published an open letter to the Prime Minister of the United Kingdom urging that the sale of Arm to Nvidia be blocked.

Hauser presents three arguments:

  • the impact on jobs in Cambridge, Manchester, Belfast, Glasgow, Sheffield and Warwick once the company's headquarters are moved out of the UK;
  • the inevitable destruction of Arm's open licensing business model 
  • national economic sovereignty.

As an alternative to the sale, Hauser urges a public listing on the London Stock Exchange, with the UK government investing £1-2bn and getting a Golden Share to ensure the public interest.

https://savearm.co.uk/

Sunday, September 13, 2020

NVIDIA to acquire ARM for $40 billion

 In a deal that will redefine the semiconductor market, NVIDIA agreed to acquire Arm Limited from Softbank for $40 billion. Under the deal, NVIDIA will pay to SoftBank a total of $21.5 billion in NVIDIA common stock and $12 billion in cash. NVIDIA will also issue $1.5 billion in equity to Arm employees. The deal does not include Arm’s IoT Services Group.

NVIDIA vowed to retain Arm's open-licensing model while maintaining the global customer neutrality that has been foundational to its success. NVIDIA also committed to retaining Arm's headquarters in Cambridge, UK.

SoftBank will retain a minority stake in NVIDIA, which is expected to be under 10%.

“AI is the most powerful technology force of our time and has launched a new wave of computing,” said Jensen Huang, founder and CEO of NVIDIA. “In the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today’s internet-of-people. Our combination will create a company fabulously positioned for the age of AI.

“Simon Segars and his team at Arm have built an extraordinary company that is contributing to nearly every technology market in the world. Uniting NVIDIA’s AI computing capabilities with the vast ecosystem of Arm’s CPU, we can advance computing from the cloud, smartphones, PCs, self-driving cars and robotics, to edge IoT, and expand AI computing to every corner of the globe.

“This combination has tremendous benefits for both companies, our customers, and the industry. For Arm’s ecosystem, the combination will turbocharge Arm’s R&D capacity and expand its IP portfolio with NVIDIA’s world-leading GPU and AI technology.

https://nvidianews.nvidia.com/news/nvidia-to-acquire-arm-for-40-billion-creating-worlds-premier-computing-company-for-the-age-of-ai

NVIDIA acquires Mellanox - focus on Next Gen Data Centers

NVIDIA completed its $7 billion acquisition of Mellanox Technologies. The deal was originally announced on March 11, 2019.

NVIDIA says that by combining its computing expertise with Mellanox’s high-performance networking technology, data center customers will achieve higher performance, greater utilization of computing resources and lower operating costs.

“The emergence of AI and data science, as well as billions of simultaneous computer users, is fueling skyrocketing demand on the world’s datacenters,” said Jensen Huang, founder and CEO of NVIDIA. “Addressing this demand will require holistic architectures that connect vast numbers of fast computing nodes over intelligent networking fabrics to form a giant datacenter-scale compute engine.

“We share the same vision for accelerated computing as NVIDIA,” said Eyal Waldman, founder and CEO of Mellanox. “Combining our two companies comes as a natural extension of our longstanding partnership and is a great fit given our common performance-driven cultures. This combination will foster the creation of powerful technology and fantastic opportunities for our people.”

NVIDIA also promised to continue investing in Israel, where Mellanox is based.

NVIDIA acquires Cumulus, promising full-stack data center innovation

NVIDIA has acquired Cumulus Networks. Financial terms were not disclosed.

Cumulus, which was founded in 2010 by JR Rivers and Nolan Leake, developed a Linux-based operating system for network switches. The company signed licensing deals with Dell, HPE, Mellanox, and Lenovo. Cumulus is also known for its pioneering work with the open network install environment (ONIE) project.  Investors in the company included Andreessen Horowitz, Battery Ventures, Sequoia Capital, Peter Wagner and 4 of the 5 original VMware founders. Cumulus is based in Mountain View, California.

NVIDIA said the combination of its recently-acquired Mellanox division with Cumulus Networks will enable a new era for accelerated, software-defined data centers.

NVIDIA's target is to "innovate and optimize across the entire networking stack from chips and systems to software including analytics like Cumulus NetQ, delivering great performance and value to customers."

Mellanox has been collaborating with Cumulus since 2013. Mellanox Spectrum switches already ship with Cumulus Linux and SONiC, the open source offering forged in Microsoft’s Azure cloud and managed by the Open Compute Project.

SoftBank Confirms Acquisition of ARM

SoftBank Group Corp. agreed to acquire ARM Holdings Plc in an all-cash deal valued at £24.3 billion. (US$32.4 billion), or 1,700 pence per ARM share, and representing a premium of 43% over the closing price on preceding trading day. The deal would be Softbank's largest to date.


SoftBank, which is based in Tokyo and is headed by Masayoshi Son, said it intends to preserve the ARM organization and business model, including ARM's senior management team and its headquarters in Cambridge, England. The companies said they intend to double employee headcount in the UK over the next five years.

ARM is the leading developer of RISC processor designs that are widely licensed for use in smartphones, tablets, laptops, desktops, embedded systems, and, increasing, servers. The company posted 2015 revenue of £968.3 million. A total of 14.8 billion ARM-powered SoCs shipped in 2015, up from just over 12 billion in 2014.

SoftBank will fund the acquisition with cash on hand and a load from Mizuho Bank of Japan.


“We have long admired ARM as a world renowned and highly respected technology company that is by some distance the market-leader in its field. ARM will be an excellent strategic fit within the SoftBank group as we invest to capture the very significant opportunities provided by the “Internet of Things,” stated  Masayoshi Son, Chairman and CEO of SoftBank.

Regarding strategic rationale, both companies said they see big opportunities ahead with IoT.




Wednesday, September 9, 2020

EXFO to acquire InOpticals for 400G/800G oscilloscopes

EXFO has acquired InOpticals Inc., a Taiwanese supplier of sampling oscilloscopes, bit-error rate testers (BERTs) and other critical test instruments to manufacturers of optical transponders, components and network equipment. Financial terms were not disclosed.

InOpticals' product portfolio specifically addresses 400G/800G high-growth sectors like silicon photonics-based transceivers, active and passive components as well as integrated test systems for R&D and manufacturing use cases.

InOpticals' solutions will be combined with EXFO's advanced optical test offering, bolstered by the Yenista Optics acquisition in October 2017. This latest acquisition, which is expected to close by the end of October, will increase EXFO's global test and measurement (T&M) addressable market by approximately US$150 million to more than US$1 billion. The amount of the transaction, mostly valued in EXFO shares, was not disclosed.

"EXFO has intensified its focus on the research, development and manufacturing market as demonstrated by strong growth in this segment in recent years," said Germain Lamonde, EXFO's founder and Executive Chairman. "InOpticals brings to EXFO a remarkable product portfolio that is highly complementary and strategic. This synergistic acquisition will allow EXFO to leverage InOpticals' innovative test solutions across global sales channels and expand market share."

"We're excited to be joining EXFO, truly a global leader in optical testing," said Jones Huang, CEO of InOpticals. "Combining EXFO's global reach and market knowledge with our proven innovation capability will allow us to jointly have a more significant impact in this high-growth market."

MaxLinear acquires NanoSemi

MaxLinear has acquired NanoSemi for $10 million in cash and 804,163 shares of MaxLinear’s Common Stock. In addition, the NanoSemi security holders will receive $35 million in deferred cash payments payable in 2021, and the NanoSemi security holders may also receive up to an additional $35 million in potential earnout consideration, subject to the acquired business’s satisfying certain financial objectives.

NanoSemi, which is a Boston-based private company that spun out of MIT in 2014, develops intellectual property that utilizes patented machine learning techniques to improve signal integrity and power efficiency in SoCs, ASICs, and FPGAs used in next-generation communication and artificial intelligence systems. The company’s technology enables higher throughput connections for 5G and Wi-Fi base stations and smartphones while simultaneously dramatically reducing energy consumption.

“MaxLinear is thrilled to welcome a phenomenal team which has brought fresh innovation to a very difficult technology problem at the core of the 5G system. The customers they have attracted and the results they have demonstrated speak for themselves. NanoSemi technology is truly an order of magnitude improvement over existing solutions,” said Kishore Seendripu, Ph.D., Chairman and CEO of MaxLinear. “Together with our silicon solutions, we can offer a leading portfolio of products to our wireless systems customers which, in turn, can enable meaningful capital expenditure and operating expense benefits to wireless operators.”

“We are excited to join MaxLinear,” said NanoSemi CEO, Helen Kim. “This transition will enable us to serve more customers with our technology and to further accelerate our pace of innovation in the 5G area. Our joint solutions will dramatically reduce the enormous amounts of power consumed by 5G systems today.”


Monday, August 31, 2020

Intelsat to buy Gogo's commercial aviation business for $400M

Intelsat agreed to acquire the commercial aviation business of Gogo, the largest global provider of in-flight broadband connectivity, for $400 million in cash.

Gogo’s leading commercial aviation business provides Intelsat with key airline relationships and customer-facing capabilities, including a leading software platform, ISP and network management infrastructure. It currently serves 21 commercial airlines, including 9 of the top 20 global carriers. More than 3,000 commercial aircraft are equipped with Gogo.

“Consumer demand for in-flight connectivity is expected to grow at a double-digit rate over the next decade, notwithstanding the impact of COVID-19. The addition of Gogo’s commercial aviation business provides compelling strategic value for our stakeholders and makes strong commercial sense,” said Intelsat’s Chief Executive Officer, Stephen Spengler. “Gogo’s business is a perfect fit with Intelsat’s expansive satellite network and infrastructure due to the breadth of Gogo’s technological solutions, global reach and operational excellence.”

Mr. Spengler continued: “A priority growth objective for Intelsat is to extend our reach closer to the millions of customers who use our satellite capabilities to stay connected around the world. The addition of Gogo’s commercial aviation business is a significant step toward this goal. We are growing beyond satellite connectivity to expand into consumer-optimized managed services.”

“We are excited to welcome the talented people of Gogo’s commercial aviation business to the Intelsat family and look forward to pairing their aviation expertise with Intelsat’s owned network capability to unlock new opportunities for growth. Our ability to execute this transaction in the midst of our financial restructuring speaks to the strength of our underlying business, our vision for the future, the commitment of key Intelsat stakeholders and the momentum that we have maintained over the past several months,” Mr. Spengler concluded.

Intelsat intends to fund the transaction using its existing debtor-in-possession (DIP) financing facility and cash on hand. Intelsat’s DIP lenders have agreed to amend the DIP credit agreement to facilitate the transaction, and Intelsat’s key economic stakeholders support the transaction. On August 31, 2020, the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division, approved Intelsat’s consummation of the transaction.

Tuesday, August 25, 2020

Cisco to acquire BabbleLabs - AI-powered voice enhancement

Cisco agreed to acquire BabbleLabs, a start-up headquartered in Campbell, California that uses AI techniques to distinguish human speech from unwanted noise. Financial terms were not disclosed.

The BabbleLabs technology can be used to enhance the quality of communications and conferencing applications. BabbleLabs goes beyond existing noise suppression technology solutions by:

  • Distinguishing speech from background noise;
  • Removing background noise in real-time; and
  • Enhancing the voice to elevate communication, regardless of language.
BabbleLabs team will join the Cisco Collaboration Group, led by Javed Khan, senior vice president and general manager, which is part of the Cisco Security and Applications Business, led by Jeetu Patel.

Initially, Cisco will focus on integrating BabbleLabs to deliver a best-in-class audio experience to Webex Meetings users.  - wherever they are and however they connect via the Webex application (whether via a conference room or mobile device).

“A great meeting experience starts with great audio,” said Jeetu Patel, senior vice president and general manager, Cisco Security and Applications Business Unit. “We’re thrilled to welcome BabbleLabs’ team of highly skilled engineers. Their technology is going to provide our customers with yet another important innovation – automatically removing unwanted noise - to continue enabling exceptional Webex meeting experiences.”

Thursday, August 20, 2020

Global investment firm acquires EdgeConneX for edge data centers

EQT, a global investment firm with more than EUR 62 billion in raised capital, agreed to acquire EdgeConneX, a leading global data center provider operating and developing over 40 facilities in 33 markets across North America, Europe and South America.  EQT is acquiring EdgeConneX from an investor group led by Providence Equity Partners.

Jan Vesely, Partner at EQT Partners, said, “EQT has followed EdgeConneX’s journey from its early years to its growth into a top data center industry player. We are deeply impressed by EdgeConneX’s management team and the success they have had in creating a key contributor to the global cloud infrastructure. This partnership represents an exciting opportunity for EQT in a sector and geographies where we have significant experience. EQT looks forward to working with the team in continuing to grow the business and identify new expansion opportunities”.

Randy Brouckman, CEO of EdgeConneX, said, “EQT brings significant financial resources and digital infrastructure industry experience which EdgeConneX will use to accelerate growth and invest in new data centers around the world. I look forward to continuing to lead EdgeConneX and we are very pleased to have EQT as our new owner and partner in this exciting growth phase. On behalf of EdgeConneX, I thank our outstanding customers and partners, dedicated employees and long-term shareholders that gave us the latitude to succeed and create lasting value”.

Tuesday, August 11, 2020

Nokia offloads its Gainspeed EPON/DPoE portfolios to Vecima Networks

Nokia has sold its Gainspeed EPON/DPoE business to Vecima Networks. Financial terms were not disclosed.

Nokia said it plans to maintain an ongoing business relationship with Vecima that includes key, enabling technologies to address unified cable access opportunities. 

Nokia will retain its cable-related products and solutions including mobile, routing, transport, fiber, and fixed wireless access technology, along with network operations and customer experience-related solutions. 

Vecima Networks, which is based in Victoria, BC, Canada, provides integrated hardware and scalable software solutions for broadband access, content delivery and telematics.

The companies said Nokia’s Gainspeed cable access portfolio is well-aligned with Vecima’s Entra family, both of which address the migration to cable’s 10G platform, including DAA (Distributed Access Architecture) and 10G-EPON.

The Nokia Unified Cable Access solution, featuring the Gainspeed portfolio of products, includes a centrally controlled Distributed Access Architecture solution with unified support for Flexible MAC DAA nodes for Hybrid Fiber-Coaxial (HFC) networks and DOCSIS Provisioning of EPON (DPoE) nodes for fiber-to-the-home and business. The portfolio also includes a DAA video engine and a chassis-based EPON/DPoE solution for non-HFC network implementations.

“Our cable access solutions have played a very important role in helping to redefine next generation cable solutions and our customers' strategies for addressing evolving network demands using distributed architectures,” said Sandra Motley, President of Fixed Networks at Nokia. “However, the industry continues to go through significant shifts, and we believe the timing is right to transition our cable access business to Vecima Networks. Vecima has the focus, resources and complementary product portfolio needed to support these changes and help operators move toward a Distributed Access Architecture.”

https://vecima.com/


Nokia intros virtualized Distributed Access Architecture

Nokia introduced the next generation of its Unified Cable Access solution based on a Distributed Access Architecture (DAA) that gives cable operators the flexibility to deploy both R-PHY and R-MACPHY devices within the same network and easily switch from one to the other based on their network requirements and strategic direction.

The basic idea with DAA is to move cable access layer functions that are traditionally placed in the headend and hub sites to the access nodes. To date, cable operators have had to choose between two DAA approaches: R-PHY, which moves only the DOCSIS signal generation (PHY) to the access node; and R-MACPHY, which moves both the PHY and DOCSIS processing (MAC) to the access node.

Features of Nokia's new vDAA include:

  • vCMTS Anywhere - Nokia has virtualized a cable modem termination system (CMTS), which includes the DOCSIS MAC, as a virtual network function (VNF). This provides the flexibility to run the vCMTS anywhere in the network: on the node, or on an off-the-shelf server in the outside plant, hub, headend or data center. 
  •  Universal Node - Cable operators can convert a Gainspeed cable access node from R-PHY to R-MACHPHY, or vice versa, on the fly. This capability lets operators choose the best approach to a node for a given use case. It also enables an operator to seamlessly evolve from an R-PHY to R-MACPHY deployment.
  •  Unified Control - The Gainspeed access controller can simultaneously support both R-PHY and R-MACPHY nodes, expanding its current cable and fiber unified control capabilities. This helps operators reduce costs and simplify network design by using the same controller to manage all types of Nokia access nodes deployed across HFC and fiber networks 
  • Interoperability - Nokia is committed to full solution interoperability and will support any R-PHY or R-MACPHY node as part of its solution.
In 2016, Nokia acquired Gainspeed, a start-up specializing in DAA (Distributed Access Architecture) solutions for the cable industry via its Virtual CCAP (Converged Cable Access Platform) product line. Financial terms were not disclosed. Gainspeed's Virtual CCAP enables cable operators to increase the capacity of their existing HFC (Hybrid Fiber Coax) infrastructure and rapidly deploy new services, while simultaneously reducing space and power requirements in the headend. The solution also enables cable operators to migrate their networks to a software-driven, all-IP architecture. Gainspeed's design eliminates the physical CCAP by leveraging SDN and NFV to distribute the CCAP’s functions to other devices and locations in the network. This centralizes routing, control and management in the data center or cloud and pushes
the physical layer, DOCSIS processing and RF modulation into the node, deep within

Monday, July 20, 2020

Fortinet acquires OPAQ Networks for SASE

Fortinet has acquired OPAQ Networks, a Secure Access Service Edge (SASE) cloud provider based in Herndon, Virginia. Financial terms were not disclosed.

OPAQ’s Zero Trust Network Access (ZTNA) cloud solution protects organizations’ distributed networks – from data centers, to branch offices, to remote users, and Internet of Things (IoT) devices.

Fortinet said OPAQ’s patented ZTNA solution enhances its own SASE offering to form the best-in-class SASE cloud security platform with the industry’s only true Zero Trust access and security by providing industry-leading next-generation firewall and SD-WAN capabilities, web security, sandboxing, advanced endpoint, identity/multi factor authentication, multi-cloud workload protection, cloud application security broker (CASB), browser isolation, and web application firewalling capabilities.

Ken Xie, Founder, Chairman of the Board, and CEO, states: "The recent SASE market momentum further validates our Security-driven Networking approach and underscores what we’ve been saying for years. In the era of hyperconnectivity and expanding networks, with the network edge stretching across the entire digital infrastructure, networking and security must converge. In fact the acquisition of OPAQ actually further enhances our existing SASE offering. Now, we will deliver the most complete SASE platform on the market with the broadest security and industry-leading SD-WAN and networking offerings that can all be delivered to customers and partners through a flexible, cost efficient and patented zero-trust cloud architecture."

Monday, July 13, 2020

Analog Devices to buy Maxim Integrated Products

Analog Devices agreed to acquire Maxim Integrated Products in an all stock transaction that values the combined enterprise at over $68 billion.

Maxim stockholders will receive 0.630 of a share of ADI common stock for each share of Maxim common stock. Upon closing, current ADI stockholders will own approximately 69 percent of the combined company, while Maxim stockholders will own approximately 31 percent.

ADI said the combination strengthens its analog semiconductor leadership position with expected revenue of $8.2 billion and free cash flow of $2.7 billion1 on a pro forma basis. Maxim’s strength in the automotive and data center markets, combined with ADI’s strength across the broad industrial, communications and digital healthcare markets are highly complementary and aligned with key secular growth trends. With respect to power management, Maxim’s applications-focused product offerings complement ADI’s catalog of broad market products.

“Today’s exciting announcement with Maxim is the next step in ADI’s vision to bridge the physical and digital worlds. ADI and Maxim share a passion for solving our customers’ most complex problems, and with the increased breadth and depth of our combined technology and talent, we will be able to develop more complete, cutting-edge solutions,” said Vincent Roche, President and CEO of ADI. “Maxim is a respected signal processing and power management franchise with a proven technology portfolio and impressive history of empowering design innovation. Together, we are well-positioned to deliver the next wave of semiconductor growth, while engineering a healthier, safer and more sustainable future for all.”

“For over three decades, we have based Maxim on one simple premise – to continually innovate and develop high-performance semiconductor products that empower our customers to invent. I am excited for this next chapter as we continue to push the boundaries of what’s possible, together with ADI. Both companies have strong engineering and technology know-how and innovative cultures. Working together, we will create a stronger leader, delivering outstanding benefits to our customers, employees and shareholders,” said Tunç Doluca, President and CEO of Maxim Integrated.


Wednesday, July 8, 2020

SUSE to acquire Rancher Labs

SUSE agreed to acquire Rancher Labs, a privately held open source company based in Cupertino, California that offers a Kubernetes management platform. Financial terms were not disclosed.

SUSE is a private company known for its enterprise Linux, edge computing and AI software solutions.

“Rancher and SUSE will help organizations control their cloud native futures,” said Sheng Liang, Rancher CEO. “Our leading Kubernetes platform with SUSE’s broad open source software solutions creates a powerful combination, enabling IT and Operations leaders worldwide to best meet the needs of their customers wherever they are on their digital transformation journey from the data center to cloud to edge.”

SUSE said the acquisition of Rancher is the first step in its inorganic growth strategy since becoming a fully independent software company in March 2019. SUSE recently reported that its ACV (annual contract value) bookings in Q2 2020 increased 30% year over year and global cloud revenue rose 70% year over year.

https://rancher.com/press/suse-to-acquire-rancher/

Rancher raises $40 million for Kubernetes management

Rancher Labs, a start-up based in Cupertino, California, closed a $40 million Series D funding round for its Kubernetes management platform.

Sheng Liang, CEO at Rancher Labs said, “In 2019, we experienced 169% year-on-year revenue growth, and this round of funding is the ultimate validation of the market and our unique technologies. Just as Linux became the standard computing platform for the data center, cloud, and devices in the 2000s, we fundamentally believe Kubernetes is fast becoming the ubiquitous enterprise computing platform for multi-cloud, heterogenous IT environments in the 2020s.”

The round was led by Telstra Ventures. One of its investors, Telstra Corporation, is a Rancher Labs customer and is Australia’s largest telecommunications company. The funding round also included participation from existing investors Mayfield, Nexus Venture Partners, GRC SinoGreen, and F&G Ventures, bringing total funding to date to $95 million.

http://www.rancher.com

Tuesday, July 7, 2020

Synaptics to acquire Broadcom’s IoT assets for $250 million

Synaptics agreed to acquire certain assets and manufacturing rights associated with the wireless IoT business of Broadcom for approximately $250 million in cash.

Specifically, Synaptics will acquire certain rights to Broadcom’s existing Wi-Fi, Bluetooth and GPS/GNSS products and business in the IoT market as well as future roadmap devices designed in advanced process nodes.

Synaptics expects the transaction to add approximately $65 million in current annualized sales and provide significant revenue growth potential. The transaction is expected to be immediately accretive to Synaptics’ non-GAAP gross margins and non-GAAP earnings post-close.

“Expanding our offering in the high growth IoT market has been one of the major focus areas for Synaptics and the addition of best-in-class wireless connectivity technology to our portfolio significantly enhances our overall position,” said Michael Hurlston, president and CEO, Synaptics. “This acquisition complements Synaptics’ ability to sell into a broad range of devices such as IP cameras, smart displays, speakers, home automation, and gaming consoles – all of which require cutting-edge technologies including Wi-Fi 6 and 6E, Bluetooth 5.2 and GPS L5.”

Friday, June 26, 2020

Amazon acquires Zoox for autonomous vehicle platform

Amazon agreed to acquire Zoox, a start-up developing purpose-built, zero-emissions vehicles designed for autonomous ride-hailing, along with an end-to-end autonomy software stack. Financial terms were not disclosed.

Zoox's ground-up vehicle focuses on the ride-hailing customer, with tightly integrated features designed "to provide a revolutionary passenger experience."

Zoox, which was founded in 2014, is based in Foster City, California. The company raised over $950 million in venture funding.

"Zoox is working to imagine, invent, and design a world-class autonomous ride-hailing experience," said Jeff Wilke, Amazon’s CEO, Worldwide Consumer. "Like Amazon, Zoox is passionate about innovation and about its customers, and we're excited to help the talented Zoox team to bring their vision to reality in the years ahead."

"This acquisition solidifies Zoox's impact on the autonomous driving industry," said Aicha Evans, CEO of Zoox. "We have made great strides with our purpose-built approach to safe, autonomous mobility, and our exceptionally talented team working every day to realize that vision. We now have an even greater opportunity to realize a fully autonomous future."

"Since Zoox's inception six years ago, we have been singularly focused on our ground-up approach to autonomous mobility," said Jesse Levinson, Zoox co-founder and CTO. "Amazon's support will markedly accelerate our path to delivering safe, clean, and enjoyable transportation to the world."

Zoox appoints former Intel exec as CEO -- Aicha Evans

Zoox, a start-up developing autonomous vehicle systems, named Aicha Evans as its new CEO and a member of its Board of Directors.

Evans most recently served as Intel's Chief Strategy Officer, where she oversaw Intel’s transformation from a PC-centric to a data-centric company. Previously, Evans was General Manager of the Communication and Devices Group, where she led a team of over 7,000 people across multiple continents and was responsible for driving wireless engineering for multi-comm products and Intel platforms.

“Our team has made incredible progress since we started in 2014,” said Jesse Levinson, Zoox co-founder, CTO, and President. “We believe now more than ever that the full realization of autonomous mobility is a radical departure from last century’s car architecture, and that requires a completely reimagined vehicle and AI solution. I’m excited to partner with Aicha as we forge our own path and show the world what the next generation of mobility looks like.”


Thursday, June 25, 2020

Keysight buys Eggplant for software test automation

Keysight Technologies has acquired Eggplant, a developer of software test automation tools, from The Carlyle Group for US$330 million. Eggplant had 2019 revenue of US $38 million and its CEO, John Bates, will join the Keysight leadership team reporting to Soon-Chai Gooi, president of Keysight’s Electronic Industrial Solutions Group.

Eggplant's software test automation platform uses artificial intelligence (AI) and analytics to automate test creation and test execution. Eggplant’s Digital Automation Intelligence platform can test any technology on any device, operating system or browser at any layer, from the user interface (UI) to application programming interfaces (APIs) to the database.

“As a recognized leader and trusted advisor in layer 1-7 design and test, Keysight is excited to add Eggplant’s test capabilities for the software application layer, aligning with our strategy to grow our first-to-market software-centric solutions,” said Ron Nersesian, Keysight chairman and CEO. “We’re thrilled to welcome the Eggplant team to the Keysight family and look forward to working together in the fast-growing intelligent software test market with differentiated software-as-a-service technologies.”

“Joining forces with Keysight gives Eggplant the ability to scale our intelligent automation platform and reach more organizations across the globe,” said Dr. John Bates, CEO of Eggplant. “We share a vision to accelerate innovation and together we will be able to help customers on their digital transformation journey. We’re proud of what we’ve accomplished through our employees and partners' contributions, and we’re excited about this next chapter.”

http://www.eggplantsoftware.com

Tuesday, June 23, 2020

Vitalpointz becomes part of Juniper - a likely "acqui-hire" for IoT cloud

Juniper Networks has acquired Vitalpointz, a start-up based that specializes in IoT cloud development tools. Terms of the apparent "acqui-hire" have not been disclosed.

Under the deal, Juniper would gain access to Vitalpointz products, technology and associated intellectual property.  THE Vitalpointz Edge Service Platform links to a mobile network's BSS, enabling the operator to provide a seamless IoT service. When a new SIM gets activated, the mobile Core triggers an API to the Vitalpointz cloud IoT platform. The device is then onboarded and provisioned with OTA software updates as needed.Vitalpointz IoT has been available on the Digital Ocean cloud marketplace for trial use. In addition, some of Vitalpointz' IoT technologies (VESPA) are open-sourced
on Github.

Juniper has not commented on how it plans to integrate Vitalpointz. However, Juniper has invested in Stackpath, which offers an edge cloud platform that might be an entry point.

Vitalpointz, which is based in San Ramon, California with operations in Bangalore, was founded by the same team behind Vistapointe, which focused on network monitoring, visibility & analytics. In September 2014, Vistapointe was acquired by Brocade Communications.

The news was public made on the Medium site.  https://medium.com/@ravi.medikonda/vitalpointz-team-to-join-juniper-networks-b4ba1a1cd7fd

https://vitalpointz.io/

Monday, June 22, 2020

ServiceNow to acquire Sweagle for config management

ServiceNow agreed to acquire Sweagle, a Belgium-based configuration data management company. Financial terms were not disclosed.

Sweagle, which was founded in 2017 by CEO Mark Verstockt and CTO Benny Van de Sompele, provides a single source of truth for configuration data that is otherwise spread across many tools. With Sweagle, ServiceNow customers can identify and intercept application and infrastructure inconsistencies during agile development cycles.

ServiceNow said the acquisition will will extend itss DevOps and IT Operations Management (ITOM) capabilities, giving customers the ability to leverage machine learning to identify and help prevent potential misconfigurations from causing outages in production and speeding up remediation.

“With capabilities for configuration data management from Sweagle, we will empower DevOps teams to deliver application and infrastructure changes more rapidly while reducing risk,” said RJ Jainendra, vice president and general manager of DevOps and IT Business Management at ServiceNow. “Sweagle also brings deep DevOps talent to ServiceNow. Both founders are pioneers in configuration data management, and we are honored to have this talent join our team as we continue to help customers compete and win in a digital economy.”

Thursday, May 28, 2020

Cisco to acquire ThousandEyes for real-time Internet visibility

Cisco agreed to acquire privately-held ThousandEyes, a provider of real-time visibility tools for the delivery of applications and services over the Internet. Financial terms were not disclosed.

ThousandEyes, which is headquartered in San Francisco, was founded in 2010 by Mohit Lad and Ricardo Oliveira who had worked together during grad school in the UCLA Internet Research Lab to visualize Autonomous System topologies. T

ThousandEyes vantage points around the world perform billions of measurements each day to detect when traffic flows are disrupted within ISPs, public cloud networks and other service providers. This network telemetry data is algorithmically analyzed as part of ThousandEyes’ core Digital Experience Monitoring platform and the macro outages that are detected are displayed on an interactive map as part of ThousandEyes’ Internet Insights offering.

The ThousandEyes platform is used to verify the availability and performance of network-based services (HTTP, FTP, DNS, SIP, RTP) as well as for DNS tracing and DNSSEC validation over the Internet and third-party infrastructure.

Cisco said that bringing together its own strength in network and application performance with ThousandEyes’ visibility into the Internet, customers will now have an end-to-end view into the digital delivery of applications and services over the Internet, allowing them to pinpoint deficiencies and improve network and application performance across enterprise and cloud networks. Cisco will incorporate ThousandEyes’ capabilities across Cisco’s core Enterprise Networking and Cloud, and AppDynamics portfolios to enhance visibility across the enterprise, internet and the cloud.

“I’m excited to welcome the ThousandEyes team to Cisco,” said Todd Nightingale, senior vice president and general manager, Cisco Enterprise Networking and Cloud. “The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pin-point deficiencies and improve the network and application performance across all networks. This will give customers end-to-end visibility when accessing cloud applications, and Internet Intelligence will improve networking reliability and the overall application experience.”

Wednesday, May 20, 2020

Intel acquires Rivet Networks for Killer Wi-Fi 6 modules

Intel has acquired Rivet Networks, a start-up offering Wi-Fi and Ethernet modules. Financial terms were not disclosed. Rivet is based in Austin, Texas.

Rivet's products maximize Wi-Fi bandwidth utilization and optimize the wireless network connection. Rivet's products can also utilize the combination of Ethernet and Wi-Fi to prioritize traffic over both connections. Its product line includes the Rivet Killer Wi-Fi 6 AX1650, a module based on Intel's Wi-Fi 6 chipset. The Killer AX1650 is a 2×2, WiFi 6 module that supports 160 MHz channels and Bluetooth 5.1.  It delivers up to 2.4 Gbps of throughput with low latencies.

The Rivet team will join Intel's Wireless Solutions Group within the Client Computing Group. Intel notes that it has taken a leading role in the development and testing of 801.11ax (Wi-Fi 6).