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

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).



Tuesday, May 19, 2020

Advent drops its pending $1.9 billion acquisition of Forescout

Advent International Corporation will not be able to consummate its acquisition of Forescout Technologies due to uncertainties stemming from the COVID-19 pandemic.

Forescout and Advent are engaged in ongoing discussions regarding timing to close and the terms of the transaction. There can be no assurance that Forescout and Advent will be able to reach agreement on terms.

“This is an uncertain time for everyone, as businesses and communities across the world navigate the challenges created by the COVID-19 pandemic,” said Michael DeCesare, CEO and President of Forescout. “We continue to believe that Advent is the right partner for Forescout and we remain committed to completing the transaction in the near-term. We thank our employees for their extraordinary efforts and commitment to Forescout, and we remain focused on continuing our course of advancing our innovation roadmap and strategic cloud and business transformation.”


  • In February, Advent International, one of the largest and most experienced global private equity investors, will acquire all outstanding shares of Forescout common stock for $33.00 per share in an all-cash transaction valued at $1.9 billion.

Thursday, May 14, 2020

Microsoft to acquire Metaswitch, extending its reach into telco cloud

Microsoft agreed to acquire Metaswitch Networks, a long-time leader in providing high-performance software to the communications industry. Financial terms were not disclosed.

Metaswitch has been a pioneer in cloud-native solutions for telecom operators. Its range of solutions include:
  • VoIP softswitches and gateways
  • VoLTE/VoWiFi
  • Voice and VoLTE interconnect
  • IMS core deployments
  • Session Border Control
  • Robocall blocking
  • Converged voice and data messaging
  • Group Communications and Collaboration
  • Cloud contact centers
Metaswitch (formerly Data Connection Ltd) was founded in 1981 and is based in London. The company is privately held.

Yousef Khalidi,Corporate Vice President, Azure Networking, states: "This announcement builds on our recent acquisition of Affirmed Networks, which closed on April 23, 2020. Metaswitch’s complementary portfolio of ultra-high-performance, cloud-native communications software will expand our range of offerings available for the telecommunications industry. Microsoft intends to leverage the talent and technology of these two organizations, extending the Azure platform to both deploy and grow these capabilities at scale in a way that is secure, efficient and creates a sustainable ecosystem. As the industry moves to 5G, operators will have opportunities to advance the virtualization of their core networks and move forward on a path to an increasingly cloud-native future. Microsoft will continue to meet customers where they are, working together with the industry as operators and network equipment providers evolve their own operations."

https://blogs.microsoft.com/blog/2020/05/14/microsoft-announces-definitive-agreement-to-acquire-metaswitch-networks-expanding-approach-to-empower-operators-and-partner-with-network-equipment-providers-to-deliver-on-promise-of-5g/

Microsoft Azure Edge Zones previews with carriers

Microsoft has begun previewing Azure Edge Zones, which are 5G customer scenarios that can leverage its cloud capabilities.


Microsoft said Azure Edge Zones and Azure Private Edge Zones will enable:

  • Development of distributed applications across cloud, on-premises, and edge using the same Azure Portal, APIs, development, and security tools.
  • Local data processing for latency critical industrial IoT and media services workloads.
  • Acceleration of IoT, artificial intelligence (AI), and real-time analytics by optimizing, building, and innovating for robotics, automation, and mixed reality.
  • New frontiers for developers working with high-density graphics and real-time operations in industries such as gaming.
  • An evolving platform built with customers, carriers, and industry partners to allow seamless integration and operation of a wide selection of Virtual Network Functions, including 5G software and SD-WAN and firewalls from technology partners such as Affirmed, Mavenir, Nuage Networks from Nokia, Metaswitch, Palo Alto Networks, and VeloCloud By VMware.

Microsoft, which has already announced an Azure Edge Zone partnership with AT&T, is now expanding the program to the following carriers: Etisalat, NTT Communications, Proximus, Rogers, SK Telecom, Telefonica, Telstra, SK Telecom, and Vodafone Business.

By connecting Azure services directly to 5G networks inside the carrier's data centers, applications will benefit from significantly reduced latency,

“This is a uniquely challenging time across the globe as we rethink how to help organizations serve their customers and stakeholders,” said Anne Chow, chief executive officer, AT&T Business. “Fast and intelligent mobile networks will be increasingly central to all of our lives. Combining our network knowledge and experience with Microsoft’s cloud expertise will give businesses a critical head start.”

In addition, Microsoft announced the preview of Azure Private Edge Zones, a private 5G/LTE network combined with Azure Stack Edge on-premises delivering an ultra-low latency, secure, and high bandwidth solution for organizations to enable scenarios, like with Attabotics, accelerating e-commerce delivery times by using 3D robotic goods-to-person storage, retrieval, and real-time order fulfillment solutions. This solution leverages Azure Edge Zones and IoT technologies such as Azure IoT Central and Azure Sphere.

https://azure.microsoft.com/en-us/blog/microsoft-partners-with-the-industry-to-unlock-new-5g-scenarios-with-azure-edge-zones/


Metaswitch demos packet core for private LTE on Azure

Metaswitch demonstrated its microservices-based, high-performance Packet Core as part of Microsoft Azure capabilities for private LTE during Microsoft Ignite.

Metaswitch said its Fusion Core is tightly integrated with Microsoft’s networking and edge connectivity solutions for a seamless configuration and provisioning experience.  It can be integrated with the Ruckus CBRS-based RAN solution, and the Attabotics 3D robotic goods-to-person storage, retrieval and real-time order fulfillment system. It offers a programmable User Plane Function (UPF) that delivers very high bandwidth capacity in edge deployments while conserving space and power requirements.

“Cloud native and IoT applications are shaking the entirety of large and high-growth communications and data processing industries,” said Shriraj Gaglani, EVP of Business and Corporate Development at Metaswitch. “With deep integration of enhanced Fusion Core features with the Azure cloud and edge platforms, the combined Private LTEaaS solution hits a sweet spot in the heart of this megatrend.”

“The Microsoft Azure-based private LTE solution builds on decades of Microsoft enterprise success stories,” said Ross Ortega, Partner PM, Azure Networking. “In collaborating with Metaswitch and Ruckus, we see opportunity to enable IoT applications and take advantage of the security, latency and bitrates provided by private LTE networks for our mutual customers.”

http://www.metaswitch.com

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/

Wednesday, May 13, 2020

Rakuten to acquire Innoeye for cloud-native expertise

Rakuten Mobile agreed to acquire Innoeye, a privately-held company specializing in cloud technologies. The company has offices in Herndon, Virginia and Indore (MP), India. Financial terms were not disclosed.

Rakuten Mobile has already deployed Innoeye’s converged OSS, an end-to-end platform process automation solution, to support the 4G/5G cloud platform for its network launch in Japan. Plans are also underway to rollout this technology and expertise as part of the new Rakuten Communications Platform (RCP) offering to be made available to telecom companies and other enterprise customers around the world.

Rakuten Mobile has pursued a cloud-native architecture. The Rakuten Communications Platform contains all the elements of the Rakuten Mobile network, including telco applications and software from multiple vendors, OSS and BSS systems handling customer billing and activation systems, in addition to edge computing and virtual network management functions. Rakuten Communications Platform will be made available with an app-store-like interface where customers can tailor the platform to their local requirements.

“Since we first envisioned the launch of Rakuten Mobile two years ago, we have also planned to bring to market our own expertise and technology stack as a unique service that will enable operators around the world to deploy fully cloud-native telco networks of the future,” said Tareq Amin, Representative Director, Executive Vice President and CTO of Rakuten Mobile. “With the planned acquisition of Innoeye, we are one step closer to closing the circle in bringing to market a carrier grade telco cloud product that is as simple as click, purchase and deploy.”

“Innoeye is delighted by the opportunity to become part of the Rakuten Mobile family,” said Rajeev Gupta, CEO of Innoeye. “Joining hands with Rakuten Mobile will provide us with unique ability to contribute towards this large industry movement and create a highly innovative cloud-based communication platform that is open, scalable and highly secure. Rakuten Communications Platform will disrupt the industry and pave the way for the next level of innovation. We look forward to being a part of this journey.”

Thursday, May 7, 2020

Liberty's Virgin Media to merge with Telefónica's O2

Liberty Global plc and Telefónica SA will merge their operating businesses in the U.K. to form a 50:50 joint venture focused on broadband + mobile + video + entertainment consumer services. O2 is the largest mobile platform in the UK, while Virgin Media claims to be the nation's fastest broadband network.

The "fully-converged" JV is also expected to become a leading challenger in the B2B space as the combination will accelerate the adoption of converged fixed-mobile services to Virgin Media’s and O2’s existing business customers.

The JV will have an approximate annual turnover of £11 billion, and 46 million mobile, home, and business connections.

The companies cite significant operating benefits for the JV, with estimated run-rate cost, CAPEX and revenue synergies of £540 million on an annual basis by the fifth full year post closing, equivalent to a net present value of approximately £6.2 billion post tax and net of integration costs, as well as significant synergies from the accelerated usage of existing tax assets. The vast majority of the benefits relate to demonstrable cost and CAPEX synergies, with an annual run-rate of approximately £430 million out of which approximately 80% are expected to be achieved by the third full year after the closing.

CAPEX synergies:

  • Use of existing infrastructure to provide services for each entity’s customers at lower cost compared to standalone / wholesale capabilities;
  • Migration of Virgin Media mobile traffic to Telefonica UK’s network;
  • Combination of regional and national network infrastructures and IT systems;
  • Reduction in combined marketing expenditures;
  • Potential to reduce general and administration costs; and 
  • Site rationalization

Telefónica's Chief Executive Officer, Jose Maria Alvarez-Pallete, said, “Combining O2’s number one mobile business with Virgin Media’s superfast broadband network and entertainment services will be a game-changer in the U.K., at a time when demand for connectivity has never been greater or more critical. We are creating a strong competitor with significant scale and financial strength to invest in UK digital infrastructure and give millions of consumer, business and public sector customers more choice and value.  This is a proud and exciting moment for our organisations, as we create a leading integrated communications provider in the U.K.”

Mike Fries, Chief Executive Officer of Liberty Global, said, “We couldn’t be more excited about this combination. Virgin Media has redefined broadband and entertainment in the U.K. with lightning fast speeds and the most innovative video platform. And O2 is widely recognized as the most reliable and admired mobile operator in the U.K., always putting the customer first. With Virgin Media and O2 together, the future of convergence is here today. We’ve seen the benefit of FMC first-hand in Belgium and the Netherlands. When the power of 5G meets 1 gig broadband, U.K. consumers and businesses will never look back. We’re committed to this market and are right behind the Government’s digital and connectivity goals.”

https://www.nationalconnectivitychampion.co.uk/

Zoom acquires Keybase for messaging encryption

Zoom Video Communications as acquired Keybase, a start-up offering a  secure messaging and file-sharing service. Financial terms were not disclosed.

Keybase, which is based in New York City, is a key directory that maps social media identities to encryption keys in a publicly auditable manner. Additionally, it offers an end-to-end encrypted chat and cloud storage system, called Keybase Chat and the Keybase Filesystem respectively.  The company was founded in 2014 by Chris Coyne and Maxwell Krohn. Investors included Andreessen Horowitz.

Zoom said the deal accelerates its plan to build end-to-end encryption that can reach current Zoom scalability.

“There are end-to-end encrypted communications platforms. There are communications platforms with easily deployable security. There are enterprise-scale communications platforms. We believe that no current platform offers all of these. This is what Zoom plans to build, giving our users security, ease of use, and scale, all at once,” said Eric S. Yuan, CEO of Zoom. “The first step is getting the right team together. Keybase brings deep encryption and security expertise to Zoom, and we’re thrilled to welcome Max and his team. Bringing on a cohesive group of security engineers like this significantly advances our 90-day plan to enhance our security efforts.”

“Keybase is thrilled to join Team Zoom!” said Max Krohn, Keybase.io co-founder and developer. “Our team is passionate about security and privacy, and it is an honor to be able to bring our encryption expertise to a platform used by hundreds of millions of participants a day.”


Monday, May 4, 2020

Intel acquires Moovit for Urban Mobility App

Intel has acquired Moovit, an Israeli-based mobility-as-a-service (MaaS) solutions company, for approximately $900 million ($840 million net of Intel Capital equity gain).

Moovit's urban mobility application offers multimodal trip planning by combining public transportation, bicycle and scooter services, ride-hailing, and car-sharing. The app has more than 800 million users and services in 3,100 cities across 102 countries. Moovit was founded in 2012 and has approximately 200 employees.

Moovit has also signed strategic partnership agreements with major ride-sharing operators and mobility ecosystem companies for analytics, routing, optimization and operations for MaaS. With this acquisition, Mobileye will be able to use Moovit’s large proprietary transportation dataset to optimize predictive technologies based on customer demand and traffic patterns, as well as tap into Moovit’s transit data repository of more than 7,500 key transit agencies and operators.

Intel says the addition of Moovit brings its Mobileye business closer to achieving its plan to become a complete mobility provider, including robotaxi services, which is forecast to be an estimated $160 billion opportunity by 2030.

“Intel’s purpose is to create world-changing technology that enriches the lives of every person on Earth, and our Mobileye team delivers on that purpose every day,” said Bob Swan, Intel CEO. “Mobileye’s ADAS technology is already improving the safety of millions of cars on the road, and Moovit accelerates their ability to truly revolutionize transportation – reducing congestion and saving lives – as a full-stack mobility provider.”

Mobileye enables advanced driver-assistance systems (ADAS) and is currently deployed on nearly 60 million vehicles with more than 25 automaker partners.

“Moovit’s massive global user base, proprietary transportation data, global editors community, strong partnerships with key transit and mobility ecosystem partners, and highly skilled team is what makes them a great investment,” said Professor Amnon Shashua, CEO of Mobileye. “Moovit is a strong brand trusted by hundreds of millions of people globally. Together, with Mobileye’s extensive capabilities in mapping and self-driving technology, we will be able to accelerate our timeline to transform the future of mobility.”

“We are excited to join forces with Mobileye and lead the future revolution of new mobility services,” said Nir Erez, Moovit co-founder and CEO. “Mobility is a basic human right, and as cities become more crowded, urban mobility becomes more difficult. Combining the daily mobility habits and needs of millions of Moovit users with the state-of-the-art, safe, affordable and eco-friendly transportation enabled by self-driving vehicles, we will be able to make cities better places to live in. We share this vision and look forward to making it a reality as part of Mobileye.”


  • Intel acquired Mobileye in 2017. 

Monday, April 27, 2020

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 expanding use of AI and data science is reshaping computing and data center architectures,” said Jensen Huang, founder and CEO of NVIDIA. “With Mellanox, the new NVIDIA has end-to-end technologies from AI computing to networking, full-stack offerings from processors to software, and significant scale to advance next-generation data centers. Our combined expertise, supported by a rich ecosystem of partners, will meet the challenge of surging global demand for consumer internet services, and the application of AI and accelerated data science from cloud to edge to robotics.”

Eyal Waldman, founder and CEO of Mellanox, said: “This is a powerful, complementary combination of cultures, technology and ambitions. Our people are enormously enthusiastic about the many opportunities ahead. As Mellanox steps into the next exciting phase of its journey, we will continue to offer cutting-edge solutions and innovative products to our customers and partners. We look forward to bringing NVIDIA products and solutions into our markets, and to bringing Mellanox products and solutions into NVIDIA’s markets. Together, our technologies will provide leading solutions into compute and storage platforms wherever they are required.”

The acquisition is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin, non-GAAP EPS and free cash flow, inclusive of incremental interest expense related to NVIDIA’s recent issuance of $5 billion of notes.

With Mellanox, NVIDIA targets full compute/network/storage stack

NVIDIA agreed to acquire Mellanox in a deal valued at approximately $6.9 billion.

The merger targets data centers in general and the high-performance computing (HPC) market in particular. Together, NVIDIA’s computing platform and Mellanox’s interconnects power over 250 of the world’s TOP500 supercomputers and have as customers every major cloud service provider and computer maker. Mellanox pioneered the InfiniBand interconnect technology, which along with its high-speed Ethernet products is now used in over half of the world’s fastest supercomputers and in many leading hyperscale datacenters.

NVIDIA said the acquired assets enables it to data center-scale workloads across the entire computing, networking and storage stack to achieve higher performance, greater utilization and lower operating cost for customers.

“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.

The companies expect to close the deal by the end of 2019.



NVIDIA cites increasing GPUdemand from data centers and gaming

NVIDIA reported quarterly revenue of $3.11 billion, up 41 percent from $2.21 billion a year earlier, and up 3 percent from $3.01 billion in the previous quarter.

GAAP earnings per diluted share for the quarter were $1.53, up 66 percent from $0.92 a year ago, and up 6 percent from $1.45 in the previous quarter. Non-GAAP earnings per diluted share were $1.89, up 136 percent from $0.80 a year earlier, and up 6 percent from $1.78 in the previous quarter.

For fiscal 2020, revenue was $10.92 billion, down 7 percent from $11.72 billion a year earlier. GAAP earnings per diluted share were $4.52, down 32 percent from $6.63 a year earlier. Non-GAAP earnings per diluted share were $5.79, down 13 percent from $6.64 a year earlier.

“Adoption of NVIDIA accelerated computing drove excellent results, with record data center revenue,” said Jensen Huang, founder and CEO of NVIDIA. “Our initiatives are achieving great success.

“NVIDIA RTX ray tracing is reinventing computer graphics, driving powerful adoption across gaming, VR and design markets, while opening new opportunities in rendering and cloud gaming. NVIDIA AI is enabling breakthroughs in language understanding, conversational AI and recommendation engines ― the core algorithms that power the internet today. And new NVIDIA computing applications in 5G, genomics, robotics and autonomous vehicles enable us to continue important work that has great impact."


Mellanox hits revenue of $429 million, up 40% yoy

Mellanox Technologies reported Q1 2020 revenue of $428.7 million, an increase of 40.5%, compared to $305.2 million in the first quarter of 2019.
GAAP gross margins were 66.8%, compared to 64.6% in the first quarter of 2019.

“Mellanox delivered record revenue and operating income in the first quarter of 2020. All our major product lines continued to grow. We are pleased to be shipping end-to-end solutions at speeds of 200 gigabits per second (Gbps) for both InfiniBand and Ethernet. In addition, we are shipping 400 Gbps Ethernet switches,” said Eyal Waldman, President and CEO of Mellanox Technologies.

“Sales of Ethernet adapter products increased 112% year-over-year. We expect our new ConnectX-6 Dx adapters and Bluefield-2 I/O Processing Units (IPUs), the latest additions to our industry-leading family of Smart NICs, to bring unprecedented security and co-processing capabilities to enterprise and cloud data centers. These capabilities will be further strengthened by our recent acquisition of Titan IC, the leading developer of network intelligence and security technology to accelerate search and big data analytics across a broad range of applications in data centers worldwide. The product line revenue of our Spectrum ASIC based Ethernet switch business grew 66% year-over-year. We recently began shipping Spectrum-3 based switches, the world’s first 12.8 Tbps networking platforms optimized for cloud, storage, and artificial intelligence,” continued Waldman.

“We are experiencing very strong adoption of InfiniBand for hyperscale artificial intelligence and cloud environments, resulting in tens of thousands of compute nodes connected with InfiniBand, which demonstrates the superior performance and scalability of InfiniBand. We saw 27% year-over-year growth in InfiniBand, led by strong demand for our HDR 200 gigabit solutions. HDR InfiniBand has been selected to interconnect national Exascale programs, large scale artificial intelligence and cloud platforms, and enterprise compute and storage infrastructures. We are proud that our InfiniBand technology is being utilized by many of the supercomputers in the Covid-19 High-Performance Computing Consortium, which is helping to aggregate computing capabilities for researchers to execute complex computations to help fight the novel Corona virus,” continued Waldman. “We are excited to participate in such important global initiatives through the adoption of our industry-leading adapters, switches, cables, and software, while also delivering strong financial performance for the first quarter of 2020.”

Tuesday, April 7, 2020

Vantage Data Centers to acquire data center campus in Wales

Vantage Data Centers  signed a definitive agreement with InfraVia Capital Partners, along with the two founders of the business, to acquire Next Generation Data (NGD), which operates a data center campus located on 50-acres in the Cardiff Capital Region in South Wales, UK.

The existing NGD data center campus is a Tier III 180MW facility, including an existing 72MW capacity and 108MW of expansion capacity. It uses 100% renewable energy and is rich in fiber delivered by many Tier 1 service providers. Latency between Wales and London is less than 1.5 milliseconds. In addition, NGD Cloud Gateway provides multiple access services, including Express Route and Connect, and NGD recently became a new hosting facility for LINX Wales. The highly secure site meets the U.K. government’s highest standards, and is one of many reasons that multiple blue-chip, high growth companies currently house their IT infrastructure within NGD’s 750,000 square foot facility.

Upon closing, Wales will mark Vantage’s sixth strategic market in Europe following its entrance into five markets (Berlin, Frankfurt, Milan, Warsaw and Zurich) announced in February 2020, including the acquisition of Etix Everywhere.

“As the needs of our hyperscale, cloud and large enterprise customers continue to grow, Wales represents a highly attractive U.K. market offering both lower cost and greater scalability versus London,” said Sureel Choksi, president and CEO, Vantage Data Centers. “NGD customers benefit from very low network latency to London, low power costs and excellent fiber connectivity, coupled with the company’s massively scalable campus outside London’s highly constrained M25 area. We are thrilled to welcome Justin Jenkins and the entire NGD team to Vantage Europe.”

“The NGD team is excited to join Vantage Europe given our shared commitment to operational excellence, high quality facilities and sustainable building practices,” said Jenkins. “Vantage’s global footprint and broad customer relationships, combined with NGD’s growing hyperscale and enterprise U.K. customer base, position us ideally to accelerate the investment and growth of our U.K. business.”

The transaction will be funded with equity commitments from Digital Colony Partners and other investors in Vantage, as well as acquisition debt financing.

Vantage Data Centers launch $2 billion European expansion strategy

Vantage Data Centers has launched a $2 billion expansion into Europe with the aim of establishing itself in the hyperscale market.

As part of its expansion strategy, Vantage has acquired Etix Everywhere, which has 50MW of built data center capacity across its footprint and is building a 55MW hyperscale data center campus in Frankfurt, Germany. Financial terms were not disclosed. In conjunction with the Etix acquisition, Antoine Boniface, former CEO of Etix, has joined the Vantage executive team to serve as president, Europe.

In addition, Vantage Europe has secured land and is planning to develop hyperscale data center campuses in Berlin, Milan, Warsaw and Zurich. The facilities, which are currently underway, are in the following European markets:

  • Berlin: 64MW campus on 13 acres (5 hectares)
  • Milan: 32MW campus on 17 acres (7 hectares)
  • Warsaw: 64MW campus 12 acres (5 hectares)
  • Zurich: 40MW campus on 7 acres (3 hectares)

Vantage said intends to invest USD $2 billion in its planned European expansion, including more than USD $800 million in new equity capital provided by Vantage’s current investors and a new commitment from Digital Colony Partners.

“As data center demand from our customer base continues to rapidly increase worldwide, Vantage is embarking upon its largest expansion ever into Europe through the development of five strategic markets,” said Sureel Choksi, president and CEO of Vantage. “The acquisition of Etix accelerates our expansion to Frankfurt, Europe’s highest growth hyperscale market. We are very excited to welcome Antoine and his team to lead our European business.”

Inclusive of this European expansion, Vantage will operate hyperscale data center campuses in 11 markets globally.

China clears Infineon + Cypress merger

Infineon Technologies AG has obtained antitrust clearance from China’s State Administration for Market Regulation (“SAMR”) for Cypress' previously announced merger transaction with Infineon. Cypress expects the merger to close this month.

uire Cypress for €9.0 billion

Infineon Technologies agreed to acquire Cypress Semiconductor for US$23.85 per share in cash, corresponding to an enterprise value of €9.0 billion. The deal will make Infineon the number one supplier of chips to the automotive market.

Cypress has a differentiated portfolio of microcontrollers as well as software and connectivity.

Infineon said its security expertise combined with Cypress’s connectivity know-how will accelerate entry into new IoT applications in the industrial and consumer segments.

Infineon also adds to its R&D presence in Silicon Valley and gains presence, as well as market share, in the strategically important Japanese market. At the same time, Infineon aims to achieve significant economies of scale, making Infineon's business model even more resilient. Based on pro forma revenues of €10 billion in FY 2018, the transaction will make Infineon the number eight chip manufacturer in the world.

Reinhard Ploss, CEO of Infineon, said: “The planned acquisition of Cypress is a landmark step in Infineon’s strategic development. We will strengthen and accelerate our profitable growth and put our business on a broader basis. With this transaction, we will be able to offer our customers the most comprehensive portfolio for linking the real with the digital world. This will open up additional growth potential in the automotive, industrial and Internet of Things sectors. This transaction also makes our business model even more resilient. We look forward to welcoming our new colleagues from Cypress to Infineon. Together, we will continue our shared commitments to innovation and focused R&D investments to accelerate technology advancements.”

Hassane El-Khoury, President and CEO of Cypress, said: “The Cypress team is excited to join forces with Infineon to capitalize on the multi-billion dollar opportunities from the massive rise in connectivity and computing requirements of the next technology waves. This announcement is not only a testament to the strength of our team in delivering industry-leading solutions worldwide, but also to what can be realized from uniting our two great companies. Jointly, we will enable more secure, seamless connections, and provide more complete hardware and software sets to strengthen our customers’ products and technologies in their end markets. In addition, the strong fit of our two companies will bring enhanced opportunities for our customers and employees.”




Monday, April 6, 2020

MaxLinear to acquire Intel’s Home Gateway Platform Division

MaxLinear agreed to acquire Intel’s Home Gateway Platform Division assets in an all-cash, asset transaction valued at $150 million. The Home Gateway Platform Division comprises Wi-Fi Access Points, Ethernet and Home Gateway SoC products deployed across operator and retail markets.

MaxLinear said the acquisition will complement its existing portfolio, bringing together a complete and scalable platform of connectivity and access solutions for its customers across target end-markets, as well as creating potential new revenue opportunities in adjacent target end-markets.

MaxLinear expects initially to add approximately $60 million to $70 million in quarterly revenue, and the acquisition is expected to be accretive to MaxLinear’s non-GAAP earnings, in the first full quarter post close.

“MaxLinear is excited by the strong potential for growth and the ability to enhance our value proposition to our existing customers with the addition of the Intel Home Gateway Platform Division, which includes its Wi-Fi Access Point assets, Ethernet, and Home Gateway SoC products,” said Kishore Seendripu, Ph.D., Chairman and CEO of MaxLinear. “These assets add significant scale to our entire business while enabling us to provide a compelling WiFi product offering with tremendous growth opportunities inside and outside of the Connected Home, including expanding the portfolio to include IoT solutions. We are excited to welcome a world class engineering team with best in class technology competency that will greatly expand MaxLinear’s significant analog/RF mixed-signal portfolio with large scale SoC product capabilities, software expertise, and comprehensive networking competencies spanning our target markets.”

“Intel and MaxLinear have a strong track record of collaboration to deliver gateway platforms for the home, and I’m confident this will be a seamless transition for our mutual customers and employees,” said Weng Kuan Tan, general manager of the Home Gateway Platform Division and corporate Vice President of the Client Computing Group at Intel. “It will also allow Intel’s Client Computing Group to focus on our vision of delivering PC platforms that power every person’s greatest contribution while having no impact on Intel’s Internet of Things Group or Intel’s Network Platform Group.”