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

Thursday, January 10, 2019

AWS acquires CloudEndure for cloud migration and back-up tools

Amazon Web Services has acquired CloudEndure, a start-up based in Israel that specializes in cloud migration and back-up. Financial terms were not disclosed.

CloudEndure's IT Resilience Suite for the Hybrid Cloud provides disaster recovery, continuous backup, and migration of any application from any physical, virtual, or cloud-based source to cloud infrastructure.

CloudEndure, which was established in 2012, raised over $18 million from Dell Technologies Capital, VMware, Mitsui, Infosys, and Magma Venture Partners. Founders included Ofer Gadish, Ofir Ehrlich, Gil Shai, and Leonid Feinberg.

https://www.cloudendure.com/

Tuesday, January 8, 2019

Akamai to acquire Janrain for identity access management at the edge

Akamai Technologies agreed to acquire Janrain, a privately-held company based in Portland, Oregon. Akamai did not disclose the amount of the all-cash transaction but said the Janrain acquisition would be slightly dilutive to its non-GAAP net income per share for 2019, in the range of $0.05 to $0.06, and to become accretive in 2020.

Janrain specializes in customer identity access management (CIAM), which helps enterprises to enhance digital trust by offloading login and registration workloads.

Akamai said the integration of Janrain's Identity Cloud with the Akamai Intelligent Edge Platform is expected to provide enhanced security, regulatory compliance and massive scale to online engagements. The company cited security benefits to CIAM customers in two critical areas: bot management and threat intelligence. Akamai Bot Manager mitigates the risks associated with credential abuse by detecting and managing bot activity at login and registration time and reducing fraud without negatively impacting the user experience. By leveraging Akamai threat intelligence, customers can make smart decisions about which users should be allowed to access registration and login pages based on reputation built on past online behavior.

"It is challenging to conduct business online without an inherent and expected level of digital trust," said Rick McConnell, president of Akamai Technologies and general manager of Akamai’s web division. "Janrain’s Identity Cloud, working together with Akamai’s Intelligent Edge Platform, will provide an added layer of security to allow our customers to know more about their end users and potentially drive additional revenues from that deepened relationship."

Monday, December 24, 2018

NEC to acquire majority stake in Transatel

NTT Communications (NTT Com) agreed to acquire a majority stake in Transatel (HQ: Paris, France, CEO: Jacques Bonifay), a global Internet of Things (IoT) cellular connectivity management provider and Mobile Virtual Network Enabler (MVNE). Financial terms were not disclosed.

Transatel, established in 2000, has since 2012 been a pioneer in deploying its own worldwide data MVNO network compliant with Embedded SIM (eSIM*2) technology to address three key market segments: Consumer Electronics, Automotive and Industrial IoT (IIoT).

Transatel claims over 170 successful client MVNO launches and to be the leading European MVNE.

This transaction will allow NTT Com to drastically extend its Global IoT solution offerings. The combined synergies between Transatel's Worldwide data MVNO solutions and NTT Com’s global network infrastructure, data center, cloud and IoT platform will bring to this alliance the ability to provide a unique value proposition to the market.

Shuichi Sasakura, Senior Vice President and Head of Network Services of NTT Com: "Together with Transatel's engineering expertise in the IoT connectivity space, NTT Com believes that it can further enhance and contribute to bringing about digital transformation for our customers and partners in the IoT age."

Thursday, December 20, 2018

Philips sells Laser Diode Division to TRUMPF

Philips will sell 100% of its Photonics GmbH division to TRUMPF. Financial terms were not disclosed.

Philips Photonics, which iss headquartered in Ulm, Germany, designs, manufactures, markets and sells VCSEL-based solutions for data communications, consumer and industrial applications. Its product portfolio ranging from high speed VCSELs (vertical-cavity surface-emitting lasers) for data communication to infrared illumination modules for security, surveillance and night vision applications, from single mode VCSELs for sensing applications to intelligent Laser Doppler sensors for accurately measuring velocity and distance. Philips Photonics' laser diodes are manufactured in a high-tech facility in Ulm. Further locations are Aachen, Eindhoven in the Netherlands, and sales offices in Shenzen, Shanghai, and Qingdao in China. Photonics GmbH employs around 280 people.

TRUMPF said the acquisition opens up a new market segment. TRUMPF's existing business includes high-power diode lasers.

"With this acquisition, we want to open up new product fields and expand our existing portfolio at a strategically important point," said TRUMPF boss Nicola Leibinger-Kamm├╝ller.

"Since our foundation in 2000, we have grown strongly. More than half a billion cell phones worldwide are equipped with laser diode technology from Philips Photonics," said Joseph Pankert, Business Leader of Philips Photonics. "We are very excited to become part of TRUMPF. This will ensure that the division can continue to grow in a highly innovative company in the future," Pankert continued.

http://www.photonics.philips.com/
https://www.trumpf.com/

Tuesday, December 18, 2018

Cisco to acquire Luxtera for silicon photonics -- $660M

Cisco agreed to acquire privately-held Luxtera, a developer of silicon photonic technologies, for $660 million in cash and assumed equity awards.

Luxtera, which is based in Carlsbad, California, focuses on silicon photonics process and packaging technologies for building integrated optics capabilities for webscale and enterprise data centers, service provider market segments, and other customers.

Luxtera leverages a hybrid integration approach wherein the photonics die forms the base of the transceiver chipset, while the light source and electronics die are attached on top. The company says its ability to integrate all optical components into a single silicon chip enables it to manufacture at wafer scale.

Cisco said the integration of Luxtera will broaden its portfolio of 100GbE and 400GbE optics. Cisco plans to incorporate Luxtera's technology across its intent-based networking portfolio, spanning enterprise, data center and service provider markets.

"With Cisco's 2018 Visual Networking Index projecting that global Internet traffic will increase threefold over the next five years, our customers are facing an exponential demand for Internet bandwidth," said David Goeckeler, executive vice president and general manager, Networking and Security Business at Cisco. "Optics is a fundamental technology to enable this future. Coupled with our silicon and optics innovation, Luxtera will allow our customers to build the biggest, fastest and most efficient networks in the world."

https://newsroom.cisco.com/press-release-content?type=webcontent&articleId=1959037


AT OFC 2018, Luxterra showcased its latest advances in  100G/╬╗ technology, PAM4 signaling, extended reach, increased operating temperature range, liquid immersion cooling, increased density and photonic integration. Product demonstrations included: IEEE802.3bs compliant 400G-DR4 technology platform demonstrating increased throughput and performance in Luxtera’s next-generation products 30km, 50G-PAM4 single-lambda QSFP link demonstrating Luxtera’s extended reach capabilities with PAM4 signaling over duplex fiber 4x25G-LR QSFP28 modules...


Friday, December 7, 2018

Reliance Industries' acquisition of Radisys expected to close this week

Reliance Industries (RIL) is expected to complete its acquisitio of Radisys no later than December 14, 2018. Radisys said the companies are working to close the transaction as promptly as practicable on or before that date. In connection therewith, RIL also acknowledged that Radisys has satisfied all conditions to RIL’s obligations to close the transaction.

Reliance to acquire Radisys for approximately $67 million

Reliance Industries Limited agreed to acquire Radisys Corporation for US$1.72 per share in cash -- representing an enterprise value of about $67 million based on 39 million shares outstanding.

Radisys, which is based in Hillsboro, Oregon, has nearly 600 employees with an engineering team based out of Bangalore, India, and sales and support offices globally. Radisys delivers value to service providers and telecom equipment vendors by providing disruptive

The company supplies open-centric software, hardware and service capabilities to service providers and telecom equipment vendors.

  • Radisys was founded in 1987 by former Intel engineers Dave Budde and Glen Myers. The company completed its IPO in 1995.

Thursday, November 29, 2018

Juniper to Acquire HTBASE for Enterprise Multicloud Solutions

Juniper Networks agreed to acquire HTBASE, a start-up based in Santa Clara, California, that offers a software platform for integrates compute, networking and storage across public and private clouds.

Juniper said the acquisition will add multicloud storage to the network and compute orchestration capabilities of its Contrail Enterprise Multicloud. HTBASE’s unique value is its platform’s ability to make the complete infrastructure layer (compute, storage and networking) transparent to applications, without impacting the operating system or architecture.

“Companies are moving more workloads from on-premises to the cloud to keep up with the need for agility and more flexibility. It’s up to us to make this transition not only achievable, but more importantly, to focus on making the move to the multicloud simple,” said Rami Rahim, CEO of Juniper Networks. “Juniper is betting big on multicloud and the momentum is mounting every day. Together with HTBASE, we have an opportunity to shape a new and emerging market that will deliver significant value with a unique line of products to customers worldwide.”

Tuesday, November 27, 2018

Tango Networks acquires Simetric Telecom

Tango Networks has acquired Simetric Telecom, a UK-based provider of mobile services and telecommunications solutions. Financial terms were not disclosed.

Simetric operates a next-generation network that seamlessly blends fixed communications and mobile services to deliver unified telecommunications. The company’s Mobile-X service provides enterprises with converged mobile communications encompassing the full enterprise telephony feature set. The company was founded in 2009.

Tango Networks recently launched a cloud-powered enterprise mobile communications service, Kinetic Cloud, offering Mobile Unified Communications, mobile communications recording compliance, automated enterprise application mobile integration, and Enterprise Text Messaging.

“The Simetric and Tango Networks combination creates an unmatched portfolio of solutions for enterprise mobile communications,” said Doug Bartek, CEO of Tango Networks. “We’re committed to providing Simetric’s community of partners and resellers with the same reliable, innovative services and high level of support that they have received from Simetric over the years.”

http://www.tango-networks.com/

Saturday, November 24, 2018

Cisco to acquire Ensoft

Cisco announced plans to acquire Ensoft, a privately-held company headquartered in Harpenden, England, that provides software solutions for service provider networks. Financial terms were not disclosed.

In a blog posting, Cisco's Rob Salvagno said the deal advances its strategy in unified transport and service layers with Segment Routing (SR) and Ethernet Virtual Private Networks (EVPN.

Ensoft was established in 1997 and now has approximately 70 engineers and an annual turnover of 10 million pounds. Its areas of expertise include routing and switching (BGP, all the IGPs, MPLS, multicast etc), Carrier Ethernet (IEEE technologies, pseudowires and VPLS, E-OAM etc), and residential subscriber management (eg PPP/IP sessions, scalable wholesale access).

http://www.cisco.com
https://www.ensoft.co.uk/

Sunday, November 18, 2018

BlackBerry to acquire Cylance for AI-power cybersecurity

BlackBerry Limited agreed to acquire Cylance, a privately-held develop of cybersecurity solution, for US $1.4 billion in cash, plus the assumption of unvested employee incentive awards.

“Cylance’s leadership in artificial intelligence and cybersecurity will immediately complement our entire portfolio, UEM and QNX in particular. We are very excited to onboard their team and leverage our newly combined expertise,” said John Chen, Executive Chairman and CEO of BlackBerry. “We believe adding Cylance’s capabilities to our trusted advantages in privacy, secure mobility, and embedded systems will make BlackBerry Spark indispensable to realizing the Enterprise of Things.”

Cylance's cybersecurity software leverages artificial intelligence, algorithmic science, and machine learning. The approach has proven highly effective at predicting and preventing known and unknown threats to fixed endpoints. The company generates recurring revenue from over 3,500 active enterprise customers, including more than 20% of the Fortune 500.

“Our highly skilled cybersecurity workforce and market leadership in next-generation endpoint solutions will be a perfect fit within BlackBerry where our customers, teams and technologies will gain immediate benefits from BlackBerry’s global reach,” said Stuart McClure, Co-Founder, Chairman, and CEO of Cylance. “We are eager to leverage BlackBerry’s mobility and security strengths to adapt our advanced AI technology to deliver a single platform.”

BlackBerry is developing Spark as a next-generation secure chip-to-edge communications platform for the EoT. The company says its platform is designed for ultra-security and industry-specific safety-certifications, such as ISO 26262 in automobiles. BlackBerry Spark will leverage the company’s deep portfolio of technology that includes FIPS-validated, app-level, AES 256-bit encryption to ensure data is always protected.

https://www.blackberry.com


Verizon acquires PrecisionAccess from Vidder

Verizon has acquired the PrecisionAccess solution and other Software Defined Perimeter (SDP) related assets from privately held Vidder.
Financial terms were not disclosed.

Vidder’s advanced technology is already integrated into Verizon’s SDP service, which helps organizations protect application infrastructure against cyber threats by blocking connectivity from unknown devices and making them invisible to anyone without approved access.

Verizon’s SDP provides pre-authenticated, context-aware, secure access to enterprise applications, helping to reduce the security risks associated with the multiple endpoints of an increasingly digital, mobile and virtual business world.

“Vidder’s technology is best-in-class in the trusted access space,” said Victoria Lonker, Verizon’s vice president of network and security product management. “This acquisition enables us to further build out our software-defined suite of services, creating a unified networking and security solution which we believe is best-in-class when it comes to protecting organizations against cyberattacks.”

Tuesday, November 6, 2018

Broadcom sells its Veracode business for $950 million

Thoma Bravo, a leading private equity investment firm, will acquire Veracode, the leading provider in next-generation application security testing (AST), from Broadcom for $950 million in cash.

Veracode's SaaS platform and integrated solutions help security teams and software developers find and fix security-related defects at all points in the software development lifecycle. Veracode serves more than 2,000 customers across a wide range of industries, including nearly one-third of the Fortune 100, and more than 20 of Forbes' 100 Most Valuable Brands.

"Software security is one of the most consequential issues facing companies as they look to compete in the digital economy. We are proud that our SaaS security platform combines multiple application security testing solutions, helping our customers around the world secure the software powering their companies and enabling them to focus on their core business objectives," said Sam King, current Senior Vice President and General Manager of Veracode, who will become the CEO of Veracode following the close of the transaction. "Partnering with Thoma Bravo, a proven security software investor, is expected to extend our market reach and further fuel our innovation so that we can offer the broadest software security platform and empower us to accelerate growth — all to allow us to transform the way companies achieve their software security goals."

Thoma Bravo noted its extensive experience investing in the cybersecurity software sector. It has completed more than 30 total acquisitions of enterprise security companies to date, including SailPoint (NASDAQ: SAIL), Barracuda Networks, LogRhythm, Bomgar, BlueCoat Systems, SonicWall and Entrust.

Monday, November 5, 2018

Symantec acquires Javelin and Appthority

Symantec announced the acquisition of Javelin Networks and Appthority. Financial terms were not disclosed

Javelin Networks offers advanced software technology to defend enterprises against Active Directory-based (AD) attacks, which recently have risen in frequency and severity. Multiple major advanced persistent threat (APT) campaigns have used AD credentials to move laterally in the network beginning with a single compromised endpoint. Javelin has developed software to protect AD and commonly-used domain resources, including domain controllers, domain identities, and domain credentials. Javelin Networks’ advanced technology can detect AD misconfigurations and backdoors and help prevent AD reconnaissance and credentials misuse by authorized devices and applications. The privately held company was founded in 2014 and has employees based in Israel and the U.S.

“In the cloud generation, identity management services, such as Active Directory, are a critical part of a user’s interaction with their organization’s applications and services. They are also a critical information repository that attackers regularly exploit,” said Javed Hasan, senior vice president of endpoint and data center products, Symantec. “The addition of Javelin Networks technology to our industry-leading endpoint security portfolio gives Symantec customers a unique advantage in one of the most vulnerable and critical areas of IT infrastructure. Most importantly, it can help expose exploitable backdoors in AD and stop attacks at the point of breach while preventing lateral movement.”

Appthority, which was founded in 2011 and is based in San Francisco, offers Mobile Application Security Analysis. The Appthority Mobile Threat Protection (MTP) solution provides threat detection and remediation across a broad range of device, app and data network risks. Last year, Symantec acquired Skycure, a leading Mobile Threat Defense (MTD) technology, that enabled the launch of Symantec Endpoint Protection Mobile (SEP Mobile). Appthority’s technology will be built into SEP Mobile, further enhancing Symantec’s ability to protect the broadest spectrum of modern endpoints and operating systems. Prior to the acquisition, Appthority was a Symantec Ventures portfolio company.

“Mobile apps are a critical threat vector that every company must address to protect their enterprise security,” said Adi Sharabani, SVP, Modern OS Security. “The Appthority technology extends SEP Mobile’s capabilities in limiting unwanted app behaviors, supporting regulatory compliance, and assessing vulnerabilities.”

Wednesday, October 3, 2018

Palo Alto Networks to acquire RedLock for $173M

Palo Alto Networks agreed to acquire RedLock, a cloud threat defense company, for approximately $173 million in cash.

RedLock's Cloud 360 platform takes an AI-driven approach that correlates disparate security data sets to provide visibility, detect threats, and enable rapid response across an organization’s public cloud environment, including  Microsoft Azure, Google Cloud Platform, and AWS.  RedLock is based in Menlo Park, California. RedLock co-founders Varun Badhwar (previously co-founded CipherCloud) and Gaurav Kumar (previously Software Architect at CipherCloud), will join Palo Alto Networks.

Palo Alto Networks notes that it already provides a broad security offering for multi-cloud environments with inline, host-based, and API-based security, which was bolstered by the acquisition of Evident.io in March 2018. The company currently serves more than 6,000 cloud customers globally with its cloud security portfolio that includes VM-Series next-generation firewall, Aperture, Evident, and GlobalProtect cloud service. Palo Alto Networks now plans to combine the Evident and RedLock technologies to provide customers with cloud security analytics, advanced threat detection, continuous security, and compliance monitoring in a single offering anticipated early next year.

"We are thrilled to add RedLock’s technology to our cloud security offerings. The addition of their technologies allows us to offer the most comprehensive security for multi-cloud environments, including Amazon Web Services, Google Cloud Platform and Microsoft Azure, and significantly strengthens our cloud strategy going forward," stated Nikesh Arora, chairman and CEO of Palo Alto Networks.

https://redlock.io/

Tata Communications acquires Teleena, an IoT specialist

Tata Communications has agreed to acquire Teleena, a Netherlands-based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE). Financial terms were not disclosed.

Tata Communications bought a 35% equity stake in Teleena in January 2017.

Teleena’s solution is a key part of the Tata Communications’ MOVE platform, which enables enterprises and device manufacturers to capture, move and manage information worldwide through borderless, secure and scalable connectivity. The acquisition gives Tata full access to Teleena’s technology portfolio, including its MVNE platform, its Operational Support System / Business Support System (OSS/BSS) solution, and the expertise of Teleena’s mobility and IoT industry specialists.

“The growth rate in the global mobility and IoT market is phenomenal: by 2021, enterprises’ spending on mobility alone is set to surpass USD 1.7 trillion,” said Anthony Bartolo, Chief Product Officer, Tata Communications. “Our vision is to create an environment where anything can be ‘born connected’. Providing everyone and everything in the world with seamless connectivity globally will support businesses’ digital transformation. The combination of the Tata Communications MOVE™ platform, and Teleena’s technology and talent, will help us fulfil this vision, and accelerate our growth in the mobility and IoT market.”

Monday, October 1, 2018

GTT Acquires Access Point, a service provider in North Carolina

GTT Communications has acquired Access Point, a provider of communication services headquartered in Cary, North Carolina for $40 million. GTT paid $35 million in cash and 115,194 shares valued at $5 million.

“Access Point’s strong client relationships in key vertical markets make it a compelling strategic fit for GTT,” said Rick Calder, GTT president and CEO. “We expect a rapid integration as we work with our new clients to deliver on our purpose of connecting people across organizations, around the world and to every application in the cloud.”

"With GTT, Access Point customers now have access to one of the industry’s largest Tier 1 global IP networks and a broad portfolio of cloud networking services backed by a commitment to providing outstanding service that mirrors our own,” said Richard Brown, Access Point CEO. “We value the loyalty of our customers, and we look forward to providing them an even more robust set of communication services as we integrate swiftly with GTT."


Sunday, September 23, 2018

Molex acquires Nistica for wavelength selective switching (WSS)

Molex has acquired Nistica, a manufacturer of wavelength selective switching (WSS) products. Financial terms were not disclosed.

Nistica, which was founded in 2005 and is based in Bridgewater, New Jersey, is a supplier of agile optical modules that simplify, automate and make affordable the delivery of high bandwidth applications for the global telecommunication markets. The company specializes in WSS, a signal routing engine for metro/long-haul telecom networks.

Molex said Nistica's wavelength management solutions will enhance its portfolio of solutions for metro and long-haul networks. Nistica’s business will be integrated into the Molex Optical Solutions Group, a global provider of optical solutions, including a wide range of optical connectivity, optoelectronics, and optical transport products.

"With the build-out of 5G wireless networks and the growth in data center traffic, our customers are looking for novel optical solutions at the edge and in the core of optical networks," added Ashish Vengsarkar, CEO of Nistica. "The acquisition by Molex enables us to scale in capacity and bring a comprehensive portfolio of next-generation products to the market.”

“The addition of the highly innovative Nistica team and technology portfolio to our business enables us to continue our mission of helping customers drive innovation in areas where optical technology provides them with a competitive advantage,” said Doug Busch, vice president and general manager, Molex Optical Solutions business unit. “Integrating high-port count WSS capability into our optical transport portfolio will allow us to expand our offering to customers driving the dynamic growth of communications networks.”

Tuesday, September 11, 2018

Renesas to acquire Integrated Device Technology for $6.7 billion

Renesas Electronics Corporation of Japan has agreed to acquire Integrated Device Technology (IDT, NASDAQ: IDTI) for approximately US$6.7 billion (approximately 733.0 billion yen at an exchange rate of 110 yen to the dollar), combing two recognized leaders in embedded processors and analog mixed-signal semiconductors. IDT shares are to be acquired at a price of US$49.00 per share.

IDT, which is based in San Jose, California, is a leading supplier of analog mixed-signal products, including sensors, connectivity and wireless power. Renesas is the leading global supplier of microcontrollers, and a leader in analog & power and SoC products. The acquisition will provide Renesas with analog mixed-signal capabilities in embedded systems, including RF, advanced timing, memory interface & power management, optical interconnect, wireless power, and smart sensors.

The combination of these product lines with Renesas’ advanced MCUs and SoCs and power management ICs enables Renesas to offer comprehensive solutions that support the increasing demand of high data processing performance.

Renesas said it is working to expand its analog solution lineup and to strengthen its kit solution offerings that combine its microcontrollers (MCUs), system-on-chips (SoCs) and analog products. The company's focus domains include: the automotive segment, which is expected to see tremendous growth with autonomous driving and EV/HEV; industrial and infrastructure segments, which are expected to advance with Industry 4.0 and 5G wireless communications, as well as the fast-growing IoT segment.

"This acquisition will bring us complementary, market-leading analog mixed-signal assets and an incredibly talented group of professionals to help us boost our embedded solution capabilities," said Bunsei Kure, Representative Director, President and CEO of Renesas. “IDT’s products combined with our MCUs, SoCs and power management ICs will enable Renesas to widen its product offerings as well as to expand its reach into areas such as the growing data economy-related space.”

“The combination of Integrated Device Technology’s analog mixed-signal leadership with Renesas’ world-leading microcontroller and automotive/industrial franchise creates a new global powerhouse,” said Gregory L. Waters, President and CEO of IDT. “The Combined company will possess the key capabilities that customers in the modern data economy demand.”

Renesas to Acquire Intersil for $3.2 Billion

Renesas Electronics Corporation agreed to acquire Intersil for US$22.50 per share in cash, representing an aggregate equity value of approximately US$3.2 billion (approximately 321.9 billion yen at an exchange rate of 100 yen to the dollar).

Renesas supplies microcontroller (MCU) and system-on-chip (SoC) products and technologies.  Intersil specializes in power management and precision analog capabilities.

The acquisition is also expected to expand Renesas’ product portfolio, particularly for analog devices, where the market is expected to increase by approximately US$3.9 billion by 2020.

IDT launches High Baud Rate Linear Driver for 400G/600G


Integrated Device Technology (IDT) introduced its new GX76470 64G linear driver, in die form, for optical integrated modules, for 400G/600G coherent applications. The driver is designed for OIF defined, highly integrated optical sub-assembly modules such as the HB-CDM (High Bandwidth Coherent Driver Modulator) and IC-TROSA (Integrated Coherent Transmitter-Receiver Optical Sub-Assembly) which enable miniaturization of optical transceiver modules...

IDT develops 64G Linear Driver for Coherent Optical


Integrated Device Technology introduced a 64 Gbaud quad-channel linear optical modulator driver in a 14mm x 9.1mm Surface Mount Technology (SMT) package for 400G/600G coherent applications. The device can be used in line cards and CFP2 pluggable modules to bring next-generation 400G/600G products to the coherent market. The IDT GX66473 supports 64Gbaud 16QAM and 64QAM to address the needs of both 400G and 600G systems, and has differential input...

IDT to acquire GigPeak for $250m for Optical Interconnects

Integrated Device Technology (IDT) of San Jose, California and GigPeak, a supplier of semiconductor ICs and software for high-speed connectivity and video compression over the network and in the cloud, announced that they have signed a definitive agreement for IDT to acquire GigPeak for $3.08 per share, or approximately $250 million, in cash, representing a premium of approximately 22% to GigPeak's closing share price on February 10th.

Under the terms of the merger agreement, IDT will launch a tender offer to acquire all of the issued and outstanding common stock of GigPeak for $3.08 per share. The boards of directors of both companies have unanimously approved the terms of the agreement and the GigPeak board has resolved to recommend that stockholders accept the offer.

The combination of IDT and GigPeak is projected to add approximately $16 million of quarterly revenue at a 70% non-GAAP gross margin and to be accretive to earnings in first full quarter following closing of the transaction.

The acquisition of GigPeak will provide IDT with an optical interconnect product line and technology business that is complementary to its established position as a supplier of real-time interconnect products. More specifically, the combination is expected to extend IDT's leading position as a supplier of communications and cloud data centre products

Monday, September 10, 2018

Intel acquires NetSpeed Systems for interconnect fabric expertise

Intel has acquired NetSpeed Systems, a start-up based in San Jose, California, for its system-on-chip (SoC) design tools and interconnect fabric intellectual property (IP). Financial terms were not disclosed.

Intel said NetSpeed’s highly configurable and synthesizable offerings will help it more quickly and cost-effectively design, develop and test new SoCs with an ever-increasing set of IP.

NetSpeed provides scalable, coherent, network-on-chip (NoC) IP to SoC designers. NetSpeed’s NoC tool automates SoC front-end design and generates programmable, synthesizable high-performance and efficient interconnect fabrics. The company was founded in 2011.

The NetSpeed team is joining Intel’s Silicon Engineering Group (SEG) led by Jim Keller. NetSpeed co-founder and CEO, Sundari Mitra, will continue to lead her team as an Intel vice president reporting to Keller.

“Intel is designing more products with more specialized features than ever before, which is incredibly exciting for Intel architects and for our customers. The challenge is synthesizing a broader set of IP blocks for optimal performance while reining in design time and cost. NetSpeed’s proven network-on-chip technology addresses this challenge, and we’re excited to now have their IP and expertise in-house,” stated Jim Keller, senior vice president and general manager of the Silicon Engineering Group at Intel.

Tuesday, September 4, 2018

Ericsson to acquire CENX for service assurance

Ericsson agreed to acquire CENX, a privately-held company that offers a hyper-scale service assurance platform across virtual and hybrid networks. Financial terms were not disclosed.

CENX, founded in 2009, is headquartered in Jersey City, New Jersey. The company achieved significant year-over-year revenue growth in the fiscal year that ended December 31, 2017. CENX employs 185 people.  Ericsson has held a minority stake in CENX since 2012.

Ericsson said the acquisition will boost its Operations Support Systems (OSS) portfolio with vendor-agnostic service assurance and closed-loop automation capability, including in NFV and orchestration.

Mats Karlsson, Head of Solution Area OSS, Ericsson, says: “Dynamic orchestration is crucial in 5G-ready virtualized networks. By bringing CENX into Ericsson, we can continue to build upon the strong competitive advantage we have started as partners. I look forward to meeting and welcoming our new colleagues into Ericsson.”

Closed-loop automation ensures Ericsson can offer its service provider customers an orchestration solution that is optimised for 5G use cases like network slicing, taking full advantage of Ericsson’s distributed cloud offering. Ericsson’s global sales and delivery presence – along with its strong R&D – will also create economies of scale in the CENX portfolio and help Ericsson to offer in-house solutions for OSS automation and assurance.

Ed Kennedy CEO, CENX says: “Ericsson has been a great partner – and for us to take the step to fully join Ericsson gives us the best possible worldwide platform to realize CENX’s ultimate goal – autonomous networking for all. Our closed-loop service assurance automation capability complements Ericsson’s existing portfolio very well. We look forward to seeing our joint capability add great value to the transformation of both Ericsson and its customers.”

  • CENX was co-founded in 2009 as a Carrier Ethernet Neutral Exchange by Mr. Nan Chen, who is also the founder and president of MEF.
  • Previous investors in CENX have included BDC Capital, Mistral Venture Partners, VMware, Highland Capital Partners, Mesirow Financial Private Equity Inc., Verizon Ventures, a subsidiary of Verizon Communications, Ericsson, DCM Ventures, and Cross Creek Advisors.

CENX lands Tier 1 European contract for service assurance

CENX announced a contract to provide its hyper-scale service assurance platform to a globally recognized European Tier 1 operator.  CENX's hyper-scale service assurance platform enables closed-loop assurance automation across virtual and hybrid networks.

Under the contract, CENX will support the launch of new digital services and business models across fixed, wireless and data center infrastructure. CENX will enable the operator to assure and monitor its physical and cloud network assets within a single-pane while enabling closed-loop automation to better manage increasing complexity.



See also