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

Monday, October 19, 2020

SK hynix to acquire Intel's NAND business for $9 billion



SK hynix agreed to acquire Intel’s NAND memory and storage business for US$9 billion. The deal includes the NAND SSD business, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China. Intel will retain its distinct Intel OptaneT business.

“I am pleased to see SK hynix and Intel`s NAND division, which have led the NAND flash technology innovation, work to build the new future together,” said Seok-Hee Lee, Chief Executive Officer (CEO) of SK hynix. “By taking each other`s strengths and technologies, SK hynix will proactively respond to various needs from customers and optimize our business structure, expanding our innovative portfolio in the NAND flash market segment, which will be comparable with what we achieved in DRAM.”

Bob Swan, Intel CEO said, “I am proud of the NAND memory business we have built and believe this combination with SK hynix will grow the memory ecosystem for the benefit of customers, partners and employees. For Intel, this transaction will allow us to further prioritize our investments in differentiated technology where we can play a bigger role in the success of our customers and deliver attractive returns to our stockholders.”

For the first six months ended June 27, 2020, the NAND businesses represented approximately US $2.8 billion of the revenue for Intel`s Non-volatile Memory Solutions Group (NSG) and contributed approximately US$600 million to NSG operating income.


SK hynix developed the world’s first Charge Trap Flash (CTF)-based, 96-layer 4D NAND flash in 2018 and 128-layer 4D NAND flash in 2019. SK hynix will combine Intel`s solutions technology and manufacturing capability in order to establish a higher value-added 3D NAND solutions portfolio including enterprise SSDs.




CommScope acquires virtual RAN patents from Phluido

CommScope has acquired the complete patent portfolio for virtual radio access networks (vRAN) of Phluido, a privately-held company based in San Diego. These patents address key concepts introduced in both 5G and O-RAN radio access networks, including efficient fronthaul transport, virtualization, and network synchronization. Financial terms were not disclosed.

“We believe the acquisition of this intellectual property, combined with our ONECELL patent portfolio, further solidifies CommScope’s position as innovative indoor RAN provider,” said Matt Melester, chief technology officer for CommScope’s Venue and Campus Networks and Outdoor Wireless Networks businesses. “Both Phluido and our ONECELL platform introduced new concepts in 4G which are now key components in 5G architectures.”




Sunday, October 18, 2020

GTT sells infrastructure division for $2.15 billion

GTT Communications will sell its infrastructure division to I Squared Capital, an independent global infrastructure investment firm, for $2.15 billion.

  • The infrastructure division sale consists of selected network and data center assets accumulated from several GTT acquisitions, including Interoute, Hibernia, and KPN International, that comprise:
  • A 103,000 route kilometer fiber network with over 400 points of presence, spanning 31 metro areas and interconnecting 103 cities across Europe and North America.
  • Three transatlantic subsea cables, including GTT Express, the lowest latency route between Europe and North America.
  • Fourteen Tier 3 data centers and over 100 colocation facilities.
  • Offering a full suite of telecom and data infrastructure solutions to marquee clients.

Gautam Bhandari, managing partner at I Squared Capital stated, “Now more than ever, digital infrastructure is an essential asset class as societies across the globe rely heavily on high-speed digital bandwidth. This acquisition builds upon I Squared Capital’s overarching global digital infrastructure strategy and experience with complex carve-outs to expand the reach of our platforms across Asia, Europe and North America.”

 GTT names Ernie Ortega as interim CEO

GTT Communications named Ernie Ortega as interim CEO while the board continues its search for a permanent CEO. Ortega currently serves as GTT’s Chief Revenue Office. GTT's Board of Directors also announced that Don MacNeil has joined the GTT leadership team as chief operating officer (COO). Mr. MacNeil will lead GTT’s network operations, service delivery, assurance and vendor management teams, as well as GTT’s product organization. “I am delighted...

GTT looks to sell subsea cables and European fiber network

GTT Communications has retained Credit Suisse and Goldman Sachs as financial advisors in connection with the potential sale of the Infrastructure Division, which includes its terrestrial pan-European fiber network, subsea transatlantic fiber and data centers. This infrastructure was part of GTT's acquisition of Interoute and of Hibernia. “The appointment of Credit Suisse and Goldman Sachs is an important step in our process to explore the sale of...

GTT to Acquire Global Capacity, Building its SD-WAN

GTT Communications agreed to acquire Global Capacity, a provider of enterprise network connectivity solutions, for $100 million in cash and 1.85 million shares of GTT common stock, to be issued to the sellers at closing. Global Capacity, which is based in Waltham, Mass., addresses a range of enterprise network issues including difficulty in load sharing traffic across a mix of access connections, complex, static and manual network configurations...

GTT's acquisition of Interoute would add 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,...

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...

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, 

Sunday, October 4, 2020

Enea acquires Aptilo for Wi-Fi policy control

 Enea  has acquired Aptilo, a privately-held provider of policy and access control solutions for carrier Wi-Fi and IoT, for SEK 92 million which corresponds to an enterprise value of SEK 150 million (US$16.83 million) on a cash and debt free basis.

Aptilo’s flagship product is the Aptilo Service Management Platform (SMP), a carrier-class system for management of data services, with advanced functions for policy and access control. Aptilo SMP is used in large-scale deployments of carrier Wi-Fi, while Aptilo SMP IoT is a solution for connectivity and security management over both cellular and Wi-Fi technologies.

Aptilo’s solutions have been deployed by more than 100 operators in 75 countries and are sold both directly to operators and indirectly through technology and channel partners. More than half of Aptilo’s total revenue is recurring, and the products are sold either as software licenses, as managed services, or in a cloud-based SaaS (software as a service) model to a growing number of customers.

“I’m pleased to announce this acquisition, which complements Enea in an excellent way,” says Jan Häglund, President and CEO of Enea. “Aptilo is a leader in Wi-Fi and IoT connectivity management. The acquisition strengthens our data management portfolio, expands our reach with existing and new customers, and creates interesting business opportunities in the fields of 5G, Internet of Things, and SaaS.”

Key figures and facts about Aptilo

  • Privately held company with Norvestor V L.P. as the majority shareholder
  • Founded in 2001
  • Headquartered in Stockholm, Sweden
  • Sales offices in Dallas, USA, and Kuala Lumpur, Malaysia
  • Net Sales SEK 90.0 million (84.4) in 2019 (2018), based on local Swedish GAAP (K3).


Thursday, October 1, 2020

Cisco to acquire Portshift for Kubernetes-native security platform

 Cisco agreed to acquire Portshift, a start-up based in Tel Aviv, Israel, offering a Kubernetes-native security platform. Financial terms were not disclosed.

Portshift is focused on application security solutions. Its platform adopts an agentless approach using a Kubernetes admission controller for seamless integration and native enforcement. This serves as Kubernetes-native guardrails for deployed containers.

In a blog post, Cisco's Liz Centoni writes that "Portshift aligns to Cisco’s approach of providing secure connectivity between users, devices and apps, wherever they reside; visibility and actionable insights from the end user to the application; a simplified consumption model that includes cloud-first Secure Access Service Edge (SASE) capabilities; commitment to an open source and open standards philosophy; and breaking down the siloes between developers, security teams, infrastructure teams, operations and SRE teams."

https://www.portshift.io/

VMware to acquire SaltStack for automation platform

VMware has agreed to acquire SaltStack, a developer of security software for event-driven IT automation, remote task execution, and configuration management. Financial terms were not disclosed.

SaltStack, which is based in Utah, offers an open source automation platform written in Python for configuration management. Year to date, the company reports 17M+ downloads and more than 260 new contributors for its project.

https://www.saltstack.com/blog/salt-community-announcement-vmware-acquisition-news/




Tuesday, September 29, 2020

DataBank to acquire Zayo's zColo data centers

DataBank agreed to acquire Zayo Group's zColo business, including 44 data centers across 23 markets in the U.S. and Europe. Financial terms were not disclosed.

The deal will make DataBank one of the largest privately-held data center operators in the U.S. and a leading provider of edge colocation and connectivity solutions to hyperscale, technology, and content customers across the U.S. Zayo Group will become a significant customer and continue to be an anchor tenant within the zColo facilities. Following completion of the deal, DataBank's assets will include:

  • 64 data centers in 29 markets (up from 20 data centers and 9 markets)
  • Over 3,000 customers including many Fortune 100 and leading cloud and content providers
  • Pro forma annual revenue of over $450M
  • 1.1M raised square feet of data center space
  • 141 MW of installed UPS capacity
  • Over 30,000 network cross connects
  • 18 major network interconnection points
  • 12 cloud nodes

DataBank said the acquisition also significantly accelerates its edge and hybrid cloud strategies. The expanded data center footprint provides DataBank’s customers with new geographic options for colocating their mission-critical content, data, and workloads closer to end-user populations in key markets like Los Angeles, Denver, Chicago, Miami, Boston, and New York City. With double the number of private cloud nodes and public-cloud on-ramps, DataBank customers will have more flexibility to design hybrid IT solutions that adapt as their infrastructure needs evolve.





“Simply put, this highly complementary acquisition will allow us to serve customers better. The strategic rationale is fully aligned with our core ‘Data Center Evolved’ strategy built around providing customers broad geographic reach as they move their content and applications closer to the edge,” said Raul K. Martynek, CEO of DataBank. “We look forward to integrating zColo into our portfolio while elevating our existing level of service to meet the increasingly diverse workloads of our enterprise customers.”


“This agreement allows both parties to focus on their core strengths,” said Dan Caruso, Zayo Group’s CEO. “We’ll continue building the most fiber-rich digital infrastructure in the world while DataBank focuses on hosting the innovations and digital workloads that our fiber and network infrastructure were designed to fuel.”


The transaction is being funded by an investor group led by Colony Capital (NYSE: CLNY), DataBank’s controlling shareholder, which includes Nuveen Real Estate and others. In addition to leading a consortium of world-class institutional investors to support the acquisition, Colony Capital is investing $145 million from its balance sheet to maintain its 20% stake in DataBank. Debt financing associated with the transaction has been underwritten by TD Securities, Truist Securities and Société Générale, acting as Joint Lead Arrangers and Joint Bookrunners for the new Credit Facility.

Monday, September 28, 2020

Arista to acquire Awake Security

Arista Networks agreed to acquire Awake Security, a start-up offering a Network Detection and Response (NDR) platform. Financial terms were not disclosed.

Awake, which is based in Santa Clara, California, combines artificial intelligence (AI) with human expertise to autonomously hunt and respond to insider and external threats. The Awake platform analyzes network traffic and autonomously identifies, assesses, and processes threats. 

"We see an exciting future for Awake within the Arista family," said Rahul Kashyap, CEO for Awake Security. “Awake pioneered NDR platforms for real-time AI-driven situational awareness to secure digital assets and then respond to mitigate those risks. This acquisition allows us to further that mission.”

"We warmly welcome Awake Security to the Arista team,” stated Anshul Sadana, COO for Arista Networks. “With the proliferation of users, devices and Internet of Things (IOT), Awake’s best of breed threat detection platform is synergistic with Arista’s market leading cognitive cloud networks, delivering proactive security for our customers.”

  • In April 2020, Awake Security, raised $36 million in Series C financing led by Evolution Equity Partners with participation from Energize Ventures and Liberty Global Ventures, as well as existing investors Bain Capital Ventures and Greylock Partners. The latest investment brings Awake’s total funding to nearly $80 million and will be used to propel expansion in areas including R&D, sales and marketing to meet the growing demand for the company’s advanced network traffic analysis platform. Awake also said that it has increased its annual recurring revenue (ARR) by close to 700% and doubled its employee headcount over the past year. 




 

Juniper to acquire Netrounds for service assurance platform

Juniper Networks agreed to acquire Netrounds, which offers a programmable, software-based active test and service assurance platform for fixed and mobile networks. Financial terms were not disclosed.

Netround, which was founded in 2007 and is based in Lulea, Sweden, focuses on lifecycle service assurance. Its vendor-agnostic platform is offered as on-demand as a SaaS solution or on-premise for NFV deployment. Netrounds’ traffic-generating test agents allow OSS and NFV orchestrators to remotely test, monitor, and assure their network service KPIs and SLAs.

Juniper said Netrounds will enhance its automated WAN solutions to further simplify operations for service providers and ensure positive end-user experiences. 

“End-user expectations for a consistently high quality of experience for services delivered over IP networks in the cloud era are extremely high, and the onset of 5G will only accelerate this. Service providers are increasingly looking to differentiate themselves by looking beyond offering basic connectivity and focusing on the quality assurance of their services,” said Manoj Leelanivas, chief product officer, Juniper Networks. “Today’s announcement and plan to bring Netrounds into Juniper will fully automate the complexities of testing and actively monitoring those customer service experiences at scale, a crucial step to staying competitive in today’s dynamic market.”

“Today, end users are often the first to discover service quality problems, as traditional assurance solutions primarily focus on passive device health instead of service quality,” said Mats Nordlund, CEO and Co-Founder of Netrounds. “Combined with Juniper Networks’ sophisticated network automation solutions, service and cloud providers are now able to rapidly deliver software-defined network services with guaranteed end-to-end service quality. For our customers, this is a key success factor when rolling out solutions in dynamic environments built on 5G network slicing, Kubernetes, SD-WAN and hybrid-cloud. We are thrilled to be joining Juniper to provide higher levels of automated assurance to complex networks.”

MobileIron to be acquired by Ivanti for $872 million in cash

 Ivanti, which offers enterprise-grade IT management and security software solutions, agreed to acquire all outstanding shares of MobileIron (NASDAQ:MOBL) for $872 million in cash. MobileIron stockholders will receive $7.05 in cash per share, representing a 27% premium to the unaffected closing price as of September 24, 2020.

MobileIron’s mobile security platform combines unified endpoint management (UEM) capabilities with passwordless multi-factor authentication (Zero Sign-On) and mobile threat defense (MTD) to validate the device, establish user context, verify the network, and detect and remediate threats. This ensures that only authorized users, devices, apps, and services can access business resources in a “work from everywhere” world. The MobileIron platform is used by over 20,000 organizations.

Ivanti also announced it has entered into an agreement to acquire Pulse Secure LLC, a leading provider of Secure Access and mobile security solutions to enterprise customers.

Privately-held Ivanti, which is based in South Jordan, Utah, is backed by Clearlake Capital Group, L.P. and TA Associates Management L.P..

“By combining MobileIron and Pulse Secure with Ivanti, we are creating a leader in the large and growing Unified Endpoint Management, Security and Enterprise Service Management markets. We now have the most comprehensive set of software solutions that addresses the growing market demand for the future of work, where working from anywhere on any device type is the new normal,” said Jim Schaper, Ivanti Chairman and CEO. “With the integration of our industry knowledge and complementary product offerings, Ivanti will be well positioned to provide our expansive customer base with the critical tools needed to tackle IT challenges in the new normal. We welcome MobileIron’s and Pulse Secure’s employees, customers, and partner network to the Ivanti family, and thank Clearlake and TA Associates for their strong support in enabling these transformational transactions.”

https://www.ivanti.com/




Mavenir acquires ip.access for OpenRAN radio expertise

 Mavenir has acquired ip.access Ltd, a leading 2G, 3G, 4G and 5G-ready small cell solutions provider. Financial terms were not disclosed.

ip.access, which is based in Cambridge, UK, has two primary lines of business; commercial communications networks deployed with service providers, and private networks deployed with system integrators for critical infrastructures, security and surveillance. The product line includes a family of plug-and-play cellular access points (APs) for small, medium and large indoor or outdoor deployments.

Mavenir said the acquisition extends its leadership in OpenRAN radio on three fronts:

  • Communication Service Providers: Adding 2G and 3G capabilities to the OpenRAN portfolio
  • Enterprise: Adding a full suite of enterprise radio solutions for Mavenir’s Private Network offerings, including OnGo/CBRS certified solutions
  • Nontraditional Networks: Leveraging market leading software defined vRAN solutions for Aviation, Maritime, Rural and Remote networks with next generation solutions in the air, on land and at sea.

“Operators are looking to transform their 2G/3G networks as they migrate to 4G and 5G,” said Pardeep Kohli, President and CEO, Mavenir. “We expect to provide a seamless, multi radio access technology single RAN offering for those operators that allows them to have the benefits of advanced radio solutions across all layers.”

Nick Johnson, Founder and CTO of ip.access added, “CBRS/OnGo in the US and shared spectrum initiatives in Europe are but a few of the potential opportunities. It’s not just consumer services anymore, but industrial private networks, professional closed group networks for financial, healthcare, leisure and hospitality, among many others. We look forward to applying our long experience in private networks to complement Mavenir’s existing portfolio in serving this hugely expanded customer base.”



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”.