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

Thursday, March 26, 2020

Microsoft to acquire Affirmed Networks for telco cloud vEPC

Microsoft agreed to acquire Affirmed Networks. Financial terms were not disclosed.

Affirmed Networks, which is based in Acton, Massachusetts, supplies virtualized Evolved Packet Core (vEPC) solutions for mobile operators. Affirmed’s virtualized evolved packet solution capabilities include CUPS, 5G NSA, network slicing, integrated virtual probe, virtualized DPI, GiLAN, analytics and security services, virtualized Wi-Fi, and service automation platform. The company claims 76 deployments, including announced projects with AT&T, Etisalat, and Vodafone.

Microsoft said the acquisition will boost its efforts "to work with the telecommunications industry, building on our secure and trusted cloud platform for operators. With Affirmed Networks, we will be able to offer new and innovative solutions tailored to the unique needs of operators, including managing their network workloads in the cloud."

https://www.affirmednetworks.com/





Affirmed Networks unveils cloud-native UnityCloud

Affirmed Networks introduced a cloud-native 5G solution that allows mobile operators to seamlessly converge multiple networks, including 2G, 3G, 4G, 5G, and wireline core, on to one unified core.

The Affirmed UnityCloud, which is an evolution of Affirmed’s Mobile Content Cloud (MCC), is built on four key pillars:

  • Innovation platform that enables operators to easily create and deploy new services with fine-grained network slicing for customized enterprise services
  • Automatic networks that instantiate, orchestrate and scale the network up or down with no human involvement, including closed-loop automation
  • Self-assured networks with observability to ensure minimal latency and maximum performance so Service Level Agreements are met
  • Non-stop networks that provide 6-nines of availability with no service interruptions, even when adding new features or performing software upgrades

Affirmed said its UnityCloud embraces open source technologies including Kubernetes, Istio, Envoy, Jaeger and others. The company has several trials underway with tier one operators globally that are building 5G Standalone (SA) networks.

Affirmed UnityCloud significantly improves network economics by converging ‘Any G’,   This eliminates the need for operators to maintain parallel legacy networks dedicated to just one service.

“A telecom transformation is underway. A new generation of networks is being built to connect 50+ billion devices, creating a multi-trillion dollar market opportunity,” said Hassan Ahmed, Chairman, and CEO, Affirmed Networks.

https://www.affirmednetworks.com/products-solutions/5g-core-unitycloud/

Wednesday, March 25, 2020

Nokia completes acquisition of Elenion Technologies

Nokia completed its previously announced acquisition of   Elenion Technologies, a U.S.-based company focusing on silicon photonics technology. Financial terms were not disclosed.

Elenion, which was founded in 2014 and is based in New York City, develops highly integrated, low-cost silicon photonics technologies for short-reach and high-performance optical interfaces and has pioneered a design toolset which enables a greatly simplified, low cost, scalable manufacturing process. The Elenion platform simplifies integration with optical chipsets, lowers power consumption, improves port density and helps to lower the overall cost per bit for network operators.

Nokia said Elenion's state-of-the-art silicon photonics design platform improves product costs by bringing simplification and scale to the optical supply chain. It is expected to bring time-to-market and cost advantages to Nokia’s broad portfolio of networking solutions.

Tuesday, March 3, 2020

Equinix to offer Bare Metal as a Service with Packet acquisition

Equinix completed its previously-announced, $335 million acquisition of Packet, a leading bare metal automation platform.

Equinix intends to operate the existing Packet business as "Packet, an Equinix company," while developing new solutions for enterprise customers that combine Packet's leading bare metal automation technology with the rich ecosystems, global reach and interconnection fabric of Platform Equinix. Zachary Smith, former CEO of Packet, will serve as managing director of the bare metal business.

Equinix said Bare Metal as a Service allows companies to rapidly deploy physical infrastructure at the edge.


Equinix to acquire Packet for bare metal automation platform

Equinix agreed to acquire Packet, a start-up based in NYC offering a bare metal automation platform for developers. Financial terms were not disclosed.

The acquisition will accelerate Equinix's strategy to help enterprises more seamlessly deploy hybrid multicloud architectures on Platform Equinix® and extract greater value from the platform's rich ecosystems and global interconnection fabric. By leveraging bare metal services at Equinix to deploy digital infrastructure on demand, customers will be better equipped to reach everywhere, interconnect everyone and integrate everything that matters to their business.

Equinix said intends to leverage the Packet offering to accelerate the development and delivery of its interconnected edge services. The idea is to offer an enterprise-grade bare metal offering across Platform Equinix that allows customers to rapidly deploy digital infrastructure, within minutes, at global scale.

Platform Equinix is a dynamic data center and interconnection platform that leverages the company's global footprint of more than 200 data centers.

Bare metal is a key foundational element allowing customers to deploy distributed, hybrid multicloud infrastructure on demand. A proven leader in bare metal automation, Packet's proprietary technology automates physical servers and networks without the use of virtualization or multitenancy.

"We started Packet in 2014 with a vision to redefine the next wave of cloud with a focus on the distribution and automation of fundamental infrastructure. This dovetails perfectly with Equinix's strategy for helping enterprises implement new digital architectures in a growing number of edge locations. The incorporation of Packet into Equinix will accelerate the delivery of enhanced edge services to Equinix's growing customer base, while continuing to serve the developer community that has come to rely on Packet's unique offering," states Zachary Smith, CEO, Packet.

Wednesday, February 19, 2020

Nokia to acquire Elenion for silicon photonics

Nokia agreed to acquire Elenion a start-up developing silicon photonics-based System-on-Chip solutions that can be produced in a CMOS foundry. Financial terms were not disclosed.

Elenion, which was founded in 2014 and is based in New York City, develops highly integrated, low-cost silicon photonics technologies for short-reach and high-performance optical interfaces and has pioneered a design toolset which enables a greatly simplified, low cost, scalable manufacturing process. The Elenion platform simplifies integration with optical chipsets, lowers power consumption, improves port density and helps to lower the overall cost per bit for network operators.

Nokia said Elenion's state-of-the-art silicon photonics design platform improves product costs by bringing simplification and scale to the optical supply chain. It is expected to bring time-to-market and cost advantages to Nokia’s broad portfolio of networking solutions.

Sam Bucci, Head of Optical Networking at Nokia, said: “As a world-class provider of silicon photonics solutions, advanced packaging and custom design services, Elenion provides a strong strategic fit for Nokia. Its solutions can be readily integrated into Nokia’s product offerings and address multiple high growth segments including 5G, cloud and data center networking. When combined with Nokia, Elenion technologies will accelerate the growth and scale of Nokia’s optical networking business, while enabling us to cost-effectively address new markets.”

Larry Schwerin, CEO of Elenion Technologies, said: “Nokia is an industry leader in networking systems, including advanced coherent optical interfaces and hyperscale datacenter solutions. Elenion benefits by having its technology incorporated into an industry-leading portfolio and with a company offering solutions across a wide array of networking applications. Nokia’s strong optical industry leadership, size, scale, global reach, and ongoing commitment to investment in key technologies vastly accelerates the adoption of Elenion silicon photonics technology.”


Elenion debuts Silicon Photonic BGA Packaged Coherent Optical Sub-Assembly

Elenion Technologies, a start-up developing silicon photonics-based System-on-Chip solutions, announced its next-generation Coherent Silicon Transmitter and Receiver CSTAR optical BGA platform for transmission of up to 600G on a single wavelength, as well as new small form factors for compact pluggable modules such as OIF 400G ZR QSFP-DD.

The CSTAR-200 is a DSP agnostic, coherent optical engine that enables pluggables such as CFP2-DCO and on-board applications, from data center interconnect to long haul in 100/200G coherent optical communication links.

“We are excited to be partnering with Elenion on our award winning CFP2-DCO. Elenion’s CSTAR platform allows us to offer differentiated coherent solutions to our customers,” said Siraj ElAhmadi, President & General Manager, Menara Networks.

The CSTAR platform comprises a multi-chip-module (MCM) and integrates Elenion’s advanced Silicon Photonics and RFICs. Integrated into a non-hermetic BGA package, CSTAR offers the next generation coherent optical engine for todays and future 100 to 600Gb/s Network applications.

“From the beginning at Elenion, we’ve built our silicon photonic chips in a production CMOS fab, which enables us to build complex optical devices. Having leveraged on-chip complexity to eliminate all of the isolators, lenses, and other free space optics from our package, Elenion is taking these chips and having them assembled in a production electronics-attach environment, reusing the infrastructure investment from the ASIC industry. We believe that this is a milestone for the silicon photonics industry, and represents an inflection point with regard to the cost of packaging for silicon photonics and integrated photonic components in general,” said Michael Hochberg, CTO, Elenion.

Tuesday, February 18, 2020

Dell sells RSA for $2.075 billion

Dell Technologies agreed to sell its RSA subsidiary to a consortium of investors led by Symphony Technology Group (STG), Ontario Teachers’ Pension Plan Board (Ontario Teachers’) and AlpInvest Partners (AlpInvest). The deal was valued at $2.075 billion in cash.

RSA provides risk, security and fraud teams with the ability to holistically manage digital risk, including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention. The company claims more than 12,500 customers.

“As one of the world’s elite security brands, RSA represents a great opportunity for solving some of the rapidly developing customer challenges that go along with digital transformation,” said William Chisholm, Managing Partner at Symphony Technology Group. “We are excited and fully committed to maximizing the power of RSA’s talent, expertise and tremendous growth potential and continuing RSA’s strategy to serve customers with a holistic approach to managing their digital risk.”

“This is the right long-term strategy for Dell, RSA and our collective customers and partners,” said Jeff Clarke, Chief Operating Officer and Vice Chairman, Dell Technologies. “The transaction will further simplify our business and product portfolio. It also allows Dell Technologies to focus on our strategy to build automated and intelligent security into infrastructure, platforms and devices to keep data safe, protected and resilient.”

Tuesday, February 11, 2020

Court approves T-Mobile US + Sprint merger

The U.S. Federal Court in New York approved the merger of T-Mobile US and Sprint. The companies said they are now taking final steps to complete their merger to create the New T-Mobile.

“Today was a huge victory for this merger … and now we are FINALLY able to focus on the last steps to get this merger done! We want to thank the Court for its thorough review of the facts we presented in our case. We’ve said it all along: the New T-Mobile will be a supercharged Un-carrier that is great for consumers and great for competition. The broad and deep 5G network that only our combined companies will be able to bring to life is going to change wireless … and beyond. Look out Dumb and Dumber and Big Cable – we are coming for you … and you haven’t seen anything yet!” said John Legere, Chief Executive Officer of T-Mobile.

“Judge Marrero’s decision validates our view that this merger is in the best interests of the U.S. economy and American consumers,” said Sprint Executive Chairman Marcelo Claure. “Today brings us a big step closer to creating a combined company that will provide nationwide 5G, lower costs, and a high-performing network that will invigorate competition to the benefit of all mobile wireless and in-home broadband consumers. With the support of federal regulators and now this Court, we will focus on quickly completing the few remaining necessary steps to close this transaction. I am proud of my Sprint team’s dedication, passion and resilience throughout the merger review process, and we are ready to make the vision of a New T-Mobile a reality.”

FCC approves T-Mobile + Sprint merger

The FCC voted to approve the merger of T-Mobile and Sprint with the following commitments from the new T-Mobile:

  • Within three years, the company will deploy 5G service to cover 97% of the American people, and within six years to reach 99% of all Americans. This commitment includes deploying 5G service to cover 85% of rural Americans within three years and 90% of rural Americans within six years.
  • Within six years, 90% of Americans would have access to mobile service with speeds of at least 100 Mbps and 99% of Americans would have access to speeds
  • of at least 50 Mbps. This includes two-thirds of rural Americans having access to mobile service with speeds of at least 100 Mbps, and 90% of rural Americans having access to speeds of at least 50 Mbps. 

The FCC ruled that the merger would not harm competition and that the transaction is in the public interest.

In connection with the merger, the FCC also proposed modifications to construction deadlines related to DISH licenses and the Department of Justice’s consent decree, where DISH pledged to become a new entrant into the wireless industry. DISH has committed to offering 5G to over two-thirds of Americans within four years.

FCC Commissioner Ajit Pai stated "New T-Mobile will be far better positioned to deploy Sprint’s extensive 2.5 GHz spectrum holdings than would Sprint standing alone, given that company’s financial situation. Indeed, New TMobile’s network will cover at least 88% of Americans with mid-band 5G within six years, a far wider deployment than either Sprint or T-Mobile would be able to accomplish on their own."

New T-Mobile to provide network access to DISH for 7 years

The U.S. Department of Justice (DOJ) approved the merger of T-Mobile US and Sprint with the following conditions: Sprint’s prepaid businesses and Sprint’s 800 MHz spectrum assets be divested to DISH. Sprint and T-Mobile must also provide DISH wireless customers access to the New T-Mobile network for seven years and offer standard transition services arrangements to DISH during a transition period of up to three years. DISH will also have an option to take on leases for certain cell sites and retail locations that are decommissioned by the New T-Mobile, subject to any assignment restrictions.

The T-Mobile + Sprint deal was first announced on 29-April-2019. Deutsche Telekom holds approximately 62% stake in T-Mobile US. Softbank holds an 83% stake in Sprint.

"The T-Mobile and Sprint merger we announced last April will create a bigger and bolder competitor than ever before – one that will deliver the most transformative 5G network in the country, lower prices, better quality, unmatched value and thousands of jobs, while unlocking an unprecedented $43B net present value in synergies. We are pleased that our previously announced target synergies, profitability and long-term cash generation have not changed," said T-Mobile CEO and New T-Mobile CEO John Legere.

“This is an important day for our country and, most important, American consumers and businesses,” said Sprint Executive Chairman Marcelo Claure. “Today’s clearance from the DOJ, along with our anticipated approval from the FCC, will allow the U.S. to fiercely compete for 5G leadership. We plan to build one of the world’s most advanced 5G networks, which will massively revolutionize the way consumers and businesses use their connected devices to enhance their daily lives. The powerful combination of 5G, artificial intelligence and the Internet of Things will unleash endless possibilities.”

https://www.t-mobile.com/news/t-mobile-sprint-merger-doj-clearance

New T-Mobile and DISH Agreements that become effective upon completion of the T-Mobile+Sprint merger

Agreement to Divest Sprint’s Prepaid Businesses
The New T-Mobile will be committed to divest Sprint’s entire prepaid businesses including Boost Mobile, Virgin Mobile and Sprint-branded prepaid customers (excluding the Assurance brand Lifeline customers and the prepaid wireless customers of Shenandoah Telecommunications Company and Swiftel Communications, Inc.), to DISH for approximately $1.4 billion. These brands serve approximately 9.3 million customers in total.

Agreements Upon Closing of Prepaid Divestiture 

Master Services Agreement for Network Access
Boost Mobile, Virgin Mobile, and Sprint-branded prepaid customers, as well as new DISH wireless customers, will have full access to the legacy Sprint network and the New T-Mobile network in a phased approach. Access to the New T-Mobile network will be through an MVNO arrangement, as well as through an Infrastructure MNO arrangement enabling roaming in certain areas until DISH’s 5G network is built out.

Transition Services Agreement to Support Prepaid Customers
The New T-Mobile will offer standard transition services arrangements to DISH for up to three years following the close of the divestiture transaction. The transition services provided by the New T-Mobile will result in the orderly transfer of prepaid customers to DISH and will also ensure the continued and seamless operation of Boost Mobile, Virgin Mobile, and Sprint-branded prepaid businesses following transition to DISH's ownership.

Agreement to Divest Sprint’s 800 MHz Spectrum Licenses to DISH
DISH has agreed to acquire Sprint’s portfolio of nationwide 800 MHz spectrum for a total value of approximately $3.6 billion in a transaction to be completed, subject to certain additional closing conditions, following an application for FCC approval to be filed three years following the closing of T-Mobile’s merger with Sprint. This will permit the New T-Mobile to continue to serve legacy Sprint customers during network integration, pending later FCC approval of the license transfer. The companies have also entered into an agreement providing the New T-Mobile the option to lease back a portion of the spectrum sold to DISH for an additional two years following closing of the spectrum sale.

Option for DISH to Take Over Decommissioned Cell Sites and Retail Locations
Following the closing of T-Mobile’s merger with Sprint and subsequent integration into the New T-Mobile, DISH will have the option to take on leases for certain cell sites and retail locations that are decommissioned by the New T-Mobile for five years following the closing of the divestiture transaction, subject to any assignment restrictions.

Agreement to Engage in Negotiations Regarding T-Mobile Leasing DISH's 600 MHz Spectrum
The companies have also committed to engage in good faith negotiations regarding the leasing of some or all of DISH’s 600 MHz spectrum to T-Mobile.

Monday, February 3, 2020

HPE acquires Scytale for cloud security

Hewlett Packard Enterprise has acquired Scytale, a start-up founded in 2017 that focuses on service authentication across cloud, container, and on-premises infrastructures. Financial terms were not disclosed.

The Scytale team is recognized as the founding contributors of the SPIFFE (the Secure Production Identity Framework for Everyone) and SPIRE (the SPIFFE Runtime Environment) open source projects to the Cloud Native Computing Foundation.

HPE said it is fully committed to continuing Scytale’s stewardship and contributions to SPIFFE and SPIRE. The acquisition also represents HPE’s ongoing transformation, part of which is to embrace and contribute to open source projects in the Cloud Native Computing Foundation and elsewhere.

Tuesday, January 28, 2020

ServiceNow to acquire Passage AI

ServiceNow agreed to acquire Passage AI, a start-up based in Mountain View, California, for its conversational AI platform. Financial terms were not disclosed.

ServiceNow said the acquisition will enhance its deep learning AI capabilities and accelerate its vision of supporting all major languages across the company’s Now Platform and products, including ServiceNow Virtual Agent, Service Portal, Workspaces and emerging interfaces.

“Work flows more smoothly when people can get things done in their native language,” said Debu Chatterjee, senior director of AI Engineering at ServiceNow. “Building deep learning, conversational AI capabilities into the Now Platform will enable a work request initiated in German or a customer inquiry initiated in Japanese to be solved by Virtual Agent. Passage AI’s technology will enable us to accelerate our vision of empowering great employee and customer experiences by delivering great workflow experiences. ServiceNow believes in making work flow more smoothly across the enterprise, in all major languages.”

Passage AI was founded in 2016 by CEO Ravi N. Raj, CTO Madhu Mathihalli and CTO Mitul Tiwari.

Sunday, January 26, 2020

F5 completes its $1B acquisition of Shape Security

F5 completed its previously announced acquisition of Shape Security, a privately-held company supplying fraud and abuse prevention solutions, for approximately $1 billion in cash.

Shape provides protection from automated attacks, botnets, and targeted fraud. In particular, Shape defends against credential stuffing attacks, where cybercriminals use stolen passwords from third-party data breaches to take over other online accounts. Shape’s application protection platform evaluates the data flow from the user into the application and leverages highly sophisticated cloud-based analytics to discern good traffic from bad.

Shape was founded in 2011 and is based in Santa Clara, California.

“We welcome Shape to the team and look forward to the work we will do together to transform the application security landscape for customers,” said Fran├žois Locoh-Donou, F5 President and CEO. “Shape’s advanced AI and analytics capabilities will help accelerate new ways of securing and enhancing the performance of every application, across any cloud.”

Wednesday, January 22, 2020

VMware to acquire Nyansa for AIOps

VMware agreed to acquire Nyansa (“knee-ans-sah”), a start-up based in Palo Alto, California, that specializes in AI-based network analytics. Financial terms were not disclosed.

Nyansa Voyance is a vendor-agnostic, cloud-based AIOps platform. The solution consolidates key functionality within conventional network monitoring tools into a single, multifunction analytics platform to deliver visibility into and behavioral analysis of critical device performance across the entire infrastructure. The company's founders include Abe Ankumah (Chief Executive Officer),
Anand Srinivas (Chief Technology Officer), Daniel Kan (VP of Engineering). Investors include Formation | 8, Shirish Sathaye, and Intel Capital.

VMware said Nyansa will help customers better operate and troubleshoot the virtual cloud network and enable self-healing networks.

“The acquisition of Nyansa will accelerate VMware’s delivery of end-to-end monitoring and troubleshooting capabilities for LAN/WAN deployments within our industry-leading SD-WAN solution,” said Sanjay Uppal, vice president and general manager, VeloCloud Business Unit, VMware. “Nyansa is a proven solution that solves many of the shortcomings of today’s vendor-specific solutions. Nyansa currently analyzes user network traffic from more than 20 million client devices across thousands of customer sites at companies including Tesla, Uber, Lululemon, Rooms To Go, GE Healthcare, SF International Airport, Stanford, Northeast Georgia Healthcare System and many others.”

“Joining forces with VMware provides an amazing platform for Nyansa to continue executing on the vision of a new networking paradigm: an analytic-powered and software-defined virtual cloud network that connects clients to containers in dynamic and distributed enterprises,” said Abe Ankumah, chief executive officer, Nyansa. “Nyansa and VMware are perfectly aligned in technology, products and culture. Following the close of the acquisition, we will continue to advance our AI-driven multi-vendor network analytics platform and double-down on end-to-end user experience and IoT operational assurance.”

Tuesday, January 21, 2020

FireEye acquires Cloudvisory

FireEye acquired Cloudvisory, a provider of continuous visibility, compliance, and security policy governance solutions for multi-cloud and data center assets. Financial terms were not disclosed.

Cloudvisory offers a complete centralized security management solution for audit, compliance, micro-segmentation and enforcement through cloud-native controls of the various cloud platforms. The Cloudvisory solution operates across AWS, Azure, Google Cloud, Kubernetes, OpenStack and VMware, as well as traditional virtualized and bare metal environments.

The Cloudvisory solution is designed to provide:

  • Visibility into network data traffic for workloads, applications, and microservices
  • Ability to detect and remediate misconfigurations and malicious activities across multiple cloud providers
  • Compliance assurance standard benchmarks for CIS, PCI, HIPAA, GDPR, and compliance requirements
  • Advanced compliance assurance controls
  • Ability to detect, alert, block, and quarantine attacks using cloud-native microsegmentation

“Customers need consistent visibility across their public and hybrid cloud environments, as well as containerized workloads,” said Grady Summers, Executive Vice President of Products and Customer Success at FireEye. “Cloudvisory delivers this visibility and allows FireEye to apply controls and best practices based on our frontline knowledge of how attackers operate. Security is top of mind for almost all organizations as they migrate critical workloads to the cloud. With the addition of the Cloudvisory technology, FireEye is able to offer a comprehensive, intelligence-led solution to secure today’s hybrid, multi-platform environments.”

“Joining FireEye offers Cloudvisory a unique opportunity to combine our innovative approach to cloud visibility and FireEye’s unrivaled insights into the threat landscape,” said Lisun Kung, Cloudvisory co-founder and chief executive officer prior to the acquisition. “We’re excited by the potential to quickly scale and help more organizations secure their cloud and container workloads.”

Sunday, January 12, 2020

Veeam to be acquired for $5 billion - cloud back-up solutions

Insight Partners agreed to acquire Veeam Software in a deal valued at approximately $5 billion. Financial details were not disclosed.

Veeam Software offers backup solutions that deliver Cloud Data Management. The company, which was founded in 2006 and currently is headquartered in Switzerland, has estimated 2019 revenues of US$1 billion. Veeam has approximately 4,000 employees.

Under the ownership of Insight Partners, Veeam will become a U.S. company, with a U.S.-based leadership team, while continuing its global expansion from offices in 30 countries and with customers in over 160 countries.  Veeam co-founders, Ratmir Timashev and Andrei Baronov, will be stepping down as members of the Board of Directors at the close of the transaction and will not be employed by the company, although they will continue as consultants. Bill Largent will assume the role Chief Executive Officer (CEO) in addition to his position as Chairman of the Board of Directors.  In addition, Jim Kruger has been promoted to Chief Marketing Officer (CMO) and Danny Allan promoted to Chief Technology Officer (CTO) & Senior Vice President (SVP) of Product Strategy.

https://www.veeam.com/

Monday, December 16, 2019

Intel acquires Habana Labs for $2 billion - AI chipset

Intel has acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center, for approximately $2 billion.

Habana’s Gaudi AI Training Processor is currently sampling with select hyperscale customers. Large-node training systems based on Gaudi are expected to deliver up to a 4x increase in throughput versus systems built with the equivalent number of GPUs. Gaudi is designed for efficient and flexible system scale-up and scale-out.

Additionally, Habana’s Goya AI Inference Processor, which is commercially available, has demonstrated excellent inference performance including throughput and real-time latency in a highly competitive power envelope. Gaudi for training and Goya for inference offer a rich, easy-to-program development environment to help customers deploy and differentiate their solutions as AI workloads continue to evolve with growing demands on compute, memory and connectivity.

Habana will remain an independent business unit and will continue to be led by its current management team. Habana will report to Intel’s Data Platforms Group, home to Intel’s broad portfolio of data center class AI technologies.

“This acquisition advances our AI strategy, which is to provide customers with solutions to fit every performance need – from the intelligent edge to the data center,” said Navin Shenoy, executive vice president and general manager of the Data Platforms Group at Intel. “More specifically, Habana turbo-charges our AI offerings for the data center with a high-performance training processor family and a standards-based programming environment to address evolving AI workloads.”

Habana Labs chairman Avigdor Willenz will serve as a senior adviser to the business unit as well as to Intel Corporation after Intel’s purchase of Habana.

“We have been fortunate to get to know and collaborate with Intel given its investment in Habana, and we’re thrilled to be officially joining the team,” said David Dahan, CEO of Habana. “Intel has created a world-class AI team and capability. We are excited to partner with Intel to accelerate and scale our business. Together, we will deliver our customers more AI innovation, faster.”


Interview: Habana Labs targets AI processors



Habana Labs, a start-up based in Israel with offices in Silicon Valley, emerged from stealth to unveil its first AI processor. Habana's deep learning inference processor, named Goya, is >2 orders of magnitude better in throughput & power than commonly deployed CPUs, according to the company. The company will offer a PCIe 4.0 card that incorporates a single Goya HL-1000 processor and designed to accelerate various AI inferencing workloads,...

Habana Labs, a start-up based in Tel-Aviv, Israel, raised $75 million in an oversubscribed series B funding for its development of AI processors.

Habana Labs is currently in production with its first product, a deep learning inference processor, named Goya, that is >2 orders of magnitude better in throughput & power than commonly deployed CPUs, according to the company. Habana is now offering a PCIe 4.0 card that incorporates a single Goya HL-1000 processor and designed to accelerate various AI inferencing workloads, such as image recognition, neural machine translation, sentiment analysis, recommender systems, etc.  A PCIe card based on its Goya HL-1000 processor delivers 15,000 images/second throughput on the ResNet-50 inference benchmark, with 1.3 milliseconds latency, while consuming only 100 watts of power. The Goya solution consists of a complete hardware and software stack, including a high-performance graph compiler, hundreds of kernel libraries, and tools.

Habana Labs expects to launch an training processor - codenamed Gaudi - in the second quarter of 2019.

The funding round was led by Intel Capital and joined by WRV Capital, Bessemer Venture Partners, Battery Ventures and others, including existing investors. This brings total funding to $120 million. The company was founded in 2016.

“We are fortunate to have attracted some of the world’s most professional investors, including the world’s leading semiconductor company, Intel,” said David Dahan, Chief Executive Officer of Habana Labs. “The funding will be used to execute on our product roadmap for inference and training solutions, including our next generation 7nm AI processors, to scale our sales and customer support teams, and it only increases our resolve to become the undisputed leader of the nascent AI processor market.”

“Among all AI semiconductor startups, Habana Labs is the first, and still the only one, which introduced a production-ready AI processor,” said Lip-Bu Tan, Founding Partner of WRV Capital, a leading international venture firm focusing on semiconductors and related hardware, systems, and software. “We are delighted to partner with Intel in backing Habana Labs’ products and its extraordinary team.”

https://habana.ai/

Intel ships its Nervana Neural Network Processors

Intel announced the commercial production of its Nervana Neural Network Processors (NNP) for training (NNP-T1000) and inference (NNP-I1000).

The new devices are Intel’s first purpose-built ASICs for complex deep learning for cloud and data center customers. Intel said its Nervana NNP-T strikes the right balance between computing, communication and memory, allowing near-linear, energy-efficient scaling from small clusters up to the largest pod supercomputers. Both products were developed for the AI processing needs of leading-edge AI customers like Baidu and Facebook.

Intel also revealed its next-generation Movidius Myriad Vision Processing Unit (VPU) for edge media, computer vision and inference applications. Additionally, Intel’s next-generation Intel Movidius VPU, scheduled to be available in the first half of 2020, incorporates unique, highly efficient architectural advances that are expected to deliver leading performance — more than 10 times the inference performance as the previous generation — with up to six times the power efficiency of competitor processors.

“With this next phase of AI, we’re reaching a breaking point in terms of computational hardware and memory. Purpose-built hardware like Intel Nervana NNPs and Movidius Myriad VPUs are necessary to continue the incredible progress in AI. Using more advanced forms of system-level AI will help us move from the conversion of data into information toward the transformation of information into knowledge,” stated Naveen Rao, Intel corporate vice president and general manager of the Intel Artificial Intelligence Products Group.

“We are excited to be working with Intel to deploy faster and more efficient inference compute with the Intel Nervana Neural Network Processor for inference and to extend support for our state-of-the-art deep learning compiler, Glow, to the NNP-I,” said Misha Smelyanskiy, director, AI System Co-Design at Facebook.



Cisco to acquire Exablaze for FPGA-based solutions

Cisco agreed to acquire Exablaze, a privately-held designer and manufacturer of FPGA-based devices aimed at reducing latency and improving network performance. Financial terms were not disclosed.


Exablaze, which is based in Sydney, Australia, is focused on low-latency networking, layer 1 switching, timing and time synchronization technologies, and low-latency FPGA solutions. The company was founded in 2013. Exablaze targets applications such as high-frequency trading (HFT), financial services, high-performance computing, and emerging AI/ML clusters.

https://blogs.cisco.com/news/cisco-corporate-news-december-2019
https://exablaze.com/

Thursday, December 5, 2019

NTT Data to acquire Flux7, an AWS Premier Consulting Partner

NTT DATA Services agreed to acquire Flux7, an IT services firm that improves business agility through IT delivery optimization and cloud-native application migration and modernization. Financial terms were not disclosed.

Flux7, which is based in Austin, Texas, is an Amazon Web Services (AWS) Premier Consulting Partner that provides cloud implementation and migration, automation, and DevOps consulting services for enterprises with significant experience in the financial services, pharmaceuticals, software, manufacturing and retail industries.

"The acquisition of Flux7 will enhance the value we can deliver in AWS, DevOps, and Agile development capabilities, while aligning with our focus to drive digital services for our clients," said Bob Pryor, CEO, NTT DATA Services. "With an excellent brand, industry recognition and impressive client base, as well as a strong record of growth, Flux7 is a strategic fit for our business and part of our ongoing strategy of growth through acquisition."

Tuesday, November 26, 2019

Palo Alto Networks to acquire Aporeto for microsegmentation tech

Palo Alto Networks agreed to acquire Aporeto, a start-up specializing in machine identity-based microsegmentation technology, for approximately $150 million in cash.

Aporeto identifies workloads and applies microsegmentation across all infrastructures, helping customers secure their applications at scale. The company says its identity-based microsegmentation secures cloud applications by preventing East – West lateral movement and automating security policy for heterogeneous hybrid-cloud infrastructure

Aporeto co-founders Dimitri Stiliadis and Satyam Sinha have agreed to join Palo Alto Networks. The company is based in San Jose, California.

"We are thrilled to welcome Aporeto to the Palo Alto Networks family. We believe the addition of Aporeto’s unique machine identity technology will further enhance our leading Prisma Cloud capabilities and strengthen our commitment to helping customers secure their journey to the cloud," commented Nikesh Arora, chairman and CEO, Palo Alto Networks.

"We have dedicated ourselves to helping organizations securely embrace the cloud. Teaming up with Palo Alto Networks allows us to bring our machine identity-based microsegmentation technology to a large customer base. We are thrilled to join forces to help customers secure their journey to the cloud," stated Dimitri Stiliadis, co-founder and CTO, Aporeto.

Altice to acquire Covage, 4th largest FTTH wholesale operator in France

Altice Europe N.V., acting through its SFR FTTH subsidiary, agreed to acquire Covage for a total cash consideration of €1.0 billion.

Altice is acting in partnership with its consortium of financial investors, led by OMERS Infrastructure and including Allianz Capital Partners and AXA Investment Managers - Real Assets.

Covage is the 4th largest fibre wholesale operator in France with 2.4 million homes to be passed (including 0.8 million homes already built).  This network will be added to SFR FTTH footprint
of more than 5.4 million secured homes to be passed (including 1.7 million homes built). Investors in Covage include Cube Infrastructure Fund and Partners.

SFR FTTH said the acquisition expand its footprint, with more households still yet to be awarded as well as selective opportunities for consolidation.

Patrick Drahi, founder of Altice, said: “I am very pleased that we are further expanding the leading FTTH wholesaler in Europe. We are extremely proud to integrate Covage, a great company, with a portfolio of areas in France complementary to ours. With this transaction we also bring onboard excellent local relationships. We continue to be focused on deleveraging Altice Europe notably thanks to growing revenues and EBITDA which will be supplemented with disposal proceeds. As I have explained previously, we are in advanced discussions with several parties in relation to our Portuguese fibre asset."


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.”

See also