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

Monday, June 10, 2019

Intel to acquire Barefoot Networks for programmable switching silicon

Intel agreed to acquire Barefoot Networks, a start-up developing programmable Ethernet switch silicon and software for use in the data center. Financial terms were not disclosed.

Intel said the acquisition will support its focus on end-to-end cloud networking and infrastructure, enabling it to better compete in the Ethernet switching segment.

Barefoot, which is based in San Jose, California, is shipping the second generation of its P4-programmable Tofino Ethernet switch application-specific integrated circuit (ASIC) family.

Tofino 2 delivers 12.8 Tbps of packet processing capacity for hyperscale data centers, cloud, enterprise and service provider networks. The device leverages 7nm process technology and is designed for full P4-programmability.

Tofino 2 highlights:

  • World’s first 7nm switch ASIC 
  • Supports up 32x400GE on a single chip.
  • Supports up to 256x10/25/50GE ports on a single chip.
  • Fully P4-programmable, enabling various deployment options, from a standard top-of-rack switch to a service provider router, or even a feature-rich switch appliance. 

  • Support for extra large table sizes for routing, tunnels, and access control lists (ACLs).
  • Support for Barefoot SPRINT- Barefoot's enhanced version of the industry-standard In-band Network Telemetry (INT), providing fine-grained per-packet intelligent real-time visibility of network traffic. 
  • Leverages the growing industry-wide P4 Ecosystem supported by multiple switch and network interface controller (NIC) chips.
  • Modular architecture enabling rapid integration of 112G SerDes and silicon photonics.
Tofino 2 was announced in December 2018. Customers cited in the Barefoot press release include Goldman Sachs, Cisco, Alibaba Infrastructure Services, Tencent, Baidu, JD Cloud, and Ucloud. Barefoot has also announced design wins with Arista, Edgecore and others.

https://www.barefootnetworks.com/
https://newsroom.intel.com/editorials/intel-acquire-barefoot-networks/#gs.i7cnfy

Founded in 2013, Barefoot is backed by investors including Andreessen Horowitz, Lightspeed Venture Partners and Sequoia Capital. The company has raised approximately $155 million in five funding rounds, most recently raising $23 million in November 2016 in a round led by Alibaba and Tencent.


Sunday, June 9, 2019

NTT Com acquires Spain's CAPSiDE

NTT Communications has acquired CAPSiDE S.L., a provider of hyperscale cloud managed services headquartered in Barcelona. Financial terms were not disclosed.

CAPSiDE specializes in integrated managed services, especially in Europe, for operations enabled with hyperscale cloud services such as Amazon Web Services, Microsoft Azure and Google Cloud Platform.

CAPSiDE now becomes part of NTT Com Managed Services (NTT Com's subsidiary).

Damian Skendrovic, CEO of NTT Com Managed Services: "I am delighted to welcome the CAPSiDE team, their clients, and partners to the NTT family. CAPSiDE's capabilities are very complementary to NTT's portfolio and solidify our public cloud offerings which are increasingly high in demand."

Josep Ruano, CEO of CAPSiDE: "This is an exciting time for CAPSiDE, our clients, and partners. Joining NTT will give CAPSiDE the ability to leverage NTT's global presence and resources to accelerate worldwide adoption of our comprehensive hyperscale cloud managed services, highly-specialized cloud transformation consulting services and cloud enablement. Our goal is to continue to build "CAPSiDE, an NTT Company" into the best hyperscale cloud managed services company in the industry."

Thursday, June 6, 2019

Cisco to acquire Sentryo for industrial IoT

Cisco agreed to acquire Sentryo, a company based in Lyon, France that provides device visibility and security solutions for industrial control system (ICS) networks. Financial terms were not disclosed.

Sentryo’s industrial IoT/OT technology helps ensure the resilience of industrial networks and protect against cyber security attacks. The solution is used in the energy, manufacturing, oil and gas and transportation sectors.

Cisco said it will combine Sentryo's capabilities with its own intent-based network architecture.

https://blogs.cisco.com/news/cisco-industrial-iot-news
https://www.sentryo.net/


Thursday, May 30, 2019

American Tower to acquire 5,500 sites in five African markets

American Tower agreed to acquire Eaton Towers, which owns and operates approximately 5,500 communications sites across five African markets, for approximately $1.85 billion. American Tower expects to accelerate new build activity across the region due to expanded relationships with multiple key tenants.

The Eaton towers are located in Ghana, Uganda, Kenya, Burkina Faso and Niger. Eaton Towers was co-founded in 2009 by Terry Rhodes, CEO. Alongside the majority shareholder, Capital International, investors include Development Partners International, Ethos and Standard Chartered.

American Tower said the Eaton assets are expected to generate approximately $260 million in property revenue and approximately $165 million in gross margin, at current exchange rates, in their first full year in American Tower’s portfolio.

Jim Taiclet, American Tower’s Chief Executive Officer stated, “This transaction will significantly augment our existing footprint in Africa and positions ATC to take even better advantage of the growth opportunity in the region as 4G mobile data technology is deployed to serve millions of Africans over the coming years.”

http://www.americantower.com

  • American Tower's global portfolio includes more than 170,000 sites.

Wednesday, May 29, 2019

Palo Alto Networks to acquire Twistlock and Puresec

Palo Alto Networks announced two acquisitions: Twistlock, a specialist in container security, and PureSec, a leader in serverless security.

Twistlock, which is based in Portland, Oregon, combines vulnerability management, compliance, and runtime defense for cloud-native applications and workloads. The company serves more than 290 customers, with more than a quarter on the Fortune 100 list. Twistlock co-founders, Ben Bernstein and Dima Stopel, will join Palo Alto Networks. Palo Alto Networks will pay approximately $410 million in cash to acquire Twistlock. Investors in Twistlock included ICONIQ Capital, YL Ventures, TenEleven, Rally Ventures, Polaris Partners and Dell Technologies Capital. The company raised about $63 million in total funding over several rounds.

"Our vision for a cloud-native security platform is a natural fit with Palo Alto Networks cloud strategy. We have liked-minded teams, and we’re looking forward to accelerating our ability to serve customers and partners on their cloud-native journey together," stated Ben Bernstein, co-founder and CEO, Twistlock.

PureSec, which was founded in 2016 and is based in Tel Aviv, specializes in serverless security. The company provides end-to-end security for serverless functions that cover vulnerability management, access permissions, and runtime threats. PureSec co-founders, Shaked Zin, Ory Segal, and Avi Shulman, will join Palo Alto Networks. Terms of the PureSec transaction were not disclosed.

Palo Alto Networks said the acquisitions will further advance the company’s ability to offer the most complete and comprehensive cloud security suite in all critical areas of cloud security.

"Today marks another exciting step forward in our commitment to offering our customers the industry's most complete cloud security offering. We believe that our acquisition of these leading companies will significantly enhance our ability to be the cybersecurity partner of choice for our customers, while expanding our capabilities and strengthening our Prisma cloud security strategy," stated Nikesh Arora, chairman and CEO of Palo Alto Networks.

Marvell sells Wi-Fi business to NXP for $1.76 billion

NXP will acquire Marvell’s Wi-Fi Connectivity business for $1.76 billion in cash.

The deal includes Marvell’s Wi-Fi and Bluetooth technology portfolios and related assets. The business employs approximately 550 people worldwide and generated roughly $300 million in revenue in Marvell’s fiscal 2019.

NXP said the acquisition enables it to offer a full range of wireless connectivity solutions including WiFi 4, 5, 6 and Bluetooth/ BLE combo along with its flagship edge computing platforms. including I.MX, Layerscape, Kinetis, LPC and the newly introduced RT Crossover Processors.

“We are excited to be able to combine Marvell’s world-class connectivity with NXP’s industry leading embedded processing, we can offer our customer base the broadest portfolio of Edge solutions which includes tailored security and a full suite of wireless connectivity spanning WiFi, Bluetooth, Bluetooth Low Energy, Zigbee, Thread and NFC,” said Richard Clemmer, chief executive officer of NXP.

“NXP has built a broad consumer footprint and an optimized platform for IoT applications, making it an ideal home for our innovative Wi-Fi technology and team,” said Matt Murphy, president and CEO of Marvell. “At the same time, this transaction yields a premium valuation and substantially higher economic return for Marvell shareholders while accelerating our transformation into a leading infrastructure supplier spanning 5G, data center, enterprise and automotive Ethernet applications.”

“We are excited to be able to combine Marvell’s world-class connectivity with NXP’s industry leading embedded processing, we can offer our customer base the broadest portfolio of Edge solutions which includes tailored security and a full suite of wireless connectivity spanning WiFi, Bluetooth, Bluetooth Low Energy, Zigbee, Thread and NFC,” said Richard Clemmer, chief executive officer of NXP. “I am delighted this world-class team with the right set of complementary connectivity technologies is joining NXP, enabling us to deliver on our commitment to provide Secure Connections for the Smarter World.”

Monday, May 20, 2019

Marvell to acquire Avera Semi, the ASIC division of GLOBALFOUNDRIES

Marvell agreed to acquire Avera Semiconductor, the ASIC business of GLOBALFOUNDRIES, for $650 million in cash at closing plus an additional $90 million in cash if certain business conditions are satisfied within the next 15 months.

Marvell said its ambition is to become the world’s leading supplier of infrastructure semiconductor solutions and that Avera’s ASIC capabilities will accelerate this transformation. 

Avera, which was once part of IBM’s Microelectronics business, has been responsible for more than 2,000 complex designs in its 25-year history. The team brings design competencies in analog, mixed-signal and SoCs as well as a rich IP portfolio including high-speed SerDes, high-performance embedded memory and advanced packaging technology.  Avera also has strong relationships with blue-chip wired and wireless networking OEMs, having delivered custom solutions for multiple generations of switches, routers and base stations.  More recently, Avera has started to address emerging opportunities in next-generation cloud data centers with multiple programs in development.

Marvell's capabilities enable a wide range of digital processing including baseband, processors, Ethernet switches and PHYs.  Marvell’s opportunity set has recently expanded to encompass a number of custom SoCs addressing a broader portion of the base station.  Several of these new products are designed to replace FPGAs with purpose-built optimized silicon.  At the same time, Avera has provided custom products to be deployed in the radio head of a leading wireless infrastructure OEM for multiple generations. 

“Our acquisition of Avera enables us to offer the complete spectrum of product architectures spanning standard, semi-custom to full ASIC solutions,” said Matt Murphy, president and CEO of Marvell.  “With their highly experienced design team and Marvell’s leading technology platform, we will be better positioned to capitalize on our expanding opportunity in wired and wireless infrastructure, starting immediately in the fast growing 5G base station market.  In addition, we are looking forward to furthering our successful partnership with GLOBALFOUNDRIES in the coming years and beyond.”

“This transaction is another example of our commitment to focus on our core business of providing differentiated foundry offerings as a manufacturing service provider, while establishing deeper relationships with customers who are leaders in their respective sectors,” said Tom Caulfield, CEO at GLOBALFOUNDRIES.  “With this deal and our growing strategic partnership with Marvell, we will forge new opportunities for the teams of both companies to leverage GF’s broad set of offerings and capitalize on the 5G infrastructure market as well as other opportunities.  We look forward to becoming a strategic provider for Marvell for decades to come.” 

Marvell to acquire Aquantia for multi-Gig Ethetnet

Marvell Technology Group agreed to Aquantia for $13.25 per share in cash, representing approximately $452 million in transaction value after adjusting for net cash on Aquantia's balance sheet.

Aquantia, which is based in San Jose, California, specializes in Multi-Gig 2.5G/5G/10G Ethernet over copper products. Its portfolio automotive PHYs for in-vehicle Ethernet networks supporting level 4 and 5 autonomous driving.

Marvell said the acquisition complements its portfolio of copper and optical physical layer product, including its gigabit PHY and secure switch products.

"Our acquisition of Aquantia will fuel Marvell's leadership in the transformation of the in-car network to high-speed Ethernet over the next decade," said Matt Murphy, president and CEO of Marvell.  "At the same time, Aquantia extends our reach in the rapidly emerging Multi-Gig segment of network infrastructure and creates a leading end-to-end Ethernet connectivity portfolio."

"Marvell and Aquantia share a vision where the network – whether in an autonomous vehicle, an enterprise application or in cloud infrastructure – can seamlessly power the data economy," said Faraj Aalaei, chairman and CEO of Aquantia. "This is a fantastic opportunity as our customers will benefit from Marvell's global scale and expanding footprint in Multi-Gig network applications."

The transaction is expected to be immediately accretive to Marvell's non-GAAP earnings per share and generate significant annual run-rate synergies of $40 million to be realized within 12 months after the transaction closes.

Marvell intros silicon for 5G infrastructure

Marvell, whose 3G and 4G solutions are widely deployed in 3G and 4G networks worldwide, announced an end-to-end silicon platform for 5G infrastructure.

Whereas initial deployments of 5G NR have been dominated by FPGA-based solutions, Marvell said its 5G solution encompasses baseband DSPs, Arm multi-core SoCs, purpose-built hardware accelerators, Ethernet connectivity engines and system-level security solutions.

Marvell's 5G NR Platform includes:

  • Radio Access SoCs: The OCTEON Fusion-M product line is optimized for cost/power and programmable with a 3GPP protocol stack split and massive MIMO capabilities. Marvell's SoCs set the performance benchmark for both LTE-A and 5G NR, with multiple deployments through key industry partners.
  • Transport/EPC Core Processors: Multi-core OCTEON processors that are optimized to address the most demanding use cases of 5G NR. Marvell's scalable data-plane acceleration makes its embedded processors ideal for 5G Core/EPC applications at the heart of the network as well. Marvell uniquely offers a single unified architecture for both transport and EPC core.
  • Ethernet Networking: switches and PHYs for carrier infrastructure. Marvell Prestera switches contain hierarchical traffic management for mobile infrastructure. In addition, Marvell's differentiated switching solutions allow advanced flow identification and access control to enable user-level security.
  • Wi-Fi Connectivity: Marvell is ramping high volume production of 8x8 and 4x4 Wi-Fi 6 solutions. The 802.11ax engines include full MU-MIMO and OFDMA uplink and downlink, multi-gigabit peak speeds, precision location, cloud management, best-in-class beamforming and integrated Bluetooth 5 technology. 
  • ThunderX2 Arm-based Server: Marvell has introduced workload optimized ThunderX2 server processors to augment and enhance its 5G portfolio. 

"

Friday, May 17, 2019

HPE adds to high performance portfolio with Cray acquisition

Hewlett Packard Enterprise will acquire Cray Inc., the legendary supercomputer developer, in a deal valued at approximately $1.3 billion, net of cash.

The companies said the deal was driven by opportunities in the high performance computing (HPC) sector, which is expected to grow from approximately $28 billion in 2018 to approximately $35 billion in 2021.

Cray traces its origin back to 1972 and the founding of Cray Research. The company is currently based in Seattle, with US-based manufacturing, and approximately 1,300 employees worldwide. The company delivered revenue of $456 million in its most recent fiscal year, up 16 percent year over year.



Cray recently announced an Exascale supercomputer contract for over $600 million for the U.S. Department of Energy’s Oak Ridge National Laboratory. The system, which is targeted to be the world’s fastest system, uses Cray’s new Shasta system architecture and Slingshot interconnect. The company was also part of an award with Intel for the first U.S. Exascale contract from the U.S. Department of Energy’s Argonne National Laboratory, with Cray’s portion of the contract valued at over $100 million.

“Answers to some of society’s most pressing challenges are buried in massive amounts of data,” said Antonio Neri, President and CEO, HPE. “Only by processing and analyzing this data will we be able to unlock the answers to critical challenges across medicine, climate change, space and more. Cray is a global technology leader in supercomputing and shares our deep commitment to innovation. By combining our world-class teams and technology, we will have the opportunity to drive the next generation of high performance computing and play an important part in advancing the way people live and work.”

“This is an amazing opportunity to bring together Cray’s leading-edge technology and HPE’s wide reach and deep product portfolio, providing customers of all sizes with integrated solutions and unique supercomputing technology to address the full spectrum of their data-intensive needs,” said Peter Ungaro, President and CEO of Cray. “HPE and Cray share a commitment to customer-centric innovation and a vision to create the global leader for the future of high performance computing and AI. On behalf of the Cray Board of Directors, we are pleased to have reached an agreement that we believe maximizes value and are excited for the opportunities that this unique combination will create for both our employees and our customers.”





Thursday, May 16, 2019

VMware to acquire Bitnami for app migration tools

VMware will acquire Bitnami, a start-up offering application packaging solutions for major cloud and Kubernetes environments. Financial terms were not disclosed.

Bitnami, which is based in San Francisco, has its roots in creating Windows and Linux installers for independent software developers. More recently, Bitnami has focused on packaging applications in ready-to-run virtual machines and cloud images to the world's leading cloud providers.

VMware said Bitnami will enable its customers to deploy application packages on any cloud— public or hybrid—and in the most optimal format—virtual machine (VM), containers and Kubernetes helm charts. Further, Bitnami augments VMware's existing efforts to deliver a curated marketplace to VMware customers that offers a rich set of applications and development environments in addition to infrastructure software.

https://cloud.vmware.com/community/2019/05/15/vmware-to-acquire-bitnami/

Wednesday, May 8, 2019

Telefónica to sell 11 data centers for €550 million

Telefónica agreed to sell 11 of its data centers to Asterion Industrial Partners, a pan-European infrastructure fund manager, for EUR 550 million.

The data centers covered by the sale have installed service capacity of 29 MW and are located in 7 countries: Argentina (2), Brazil (2), Chile (1), Spain (2), Mexico (1), Peru (2) and United States (1).

Telefonica will continue to offer its portfolio of services from a network of 23 Data Centers, including the 11 of the sale. The deal does not include the sale of servers owned by Telefónica, or the management and access to customers hosted on them.

The sale also includes the signing of a housing services agreement under which Telefónica will continue to provide and manage the services it has been offering its customers from these centers and Telefónicawill maintain a direct relationship with these customers. In turn, this agreement will allow Asterion to leverage the sales network of the Telefónica Group's operations to market the remaining capacity of the Data Centers.

Telefónica expects to incur capital gains before taxes and controlling interests of around EUR 260 million.

Tuesday, May 7, 2019

Orange to acquire SecureLink for EUR 515 million

Orange announced an agreement with Investcorp to acquire 100% of SecureLink on a €515m enterprise value basis.

SecureLink provides a full range of cybersecurity services including specialized security consulting, security maintenance and support with 24/7 service desks (SOCs) as well as advanced managed detection and response capabilities (MDR). The group is also a leading value-added reseller of security software and hardware solutions, holding more than 1,000 technical or sales accreditations with blue chip security vendors.

SecureLink was founded in 2003 and is based in the Netherlands with over 660 employees and 14 office. In 2018, SecureLink recorded IFRS revenues of €248m.

Orange said the acquisition makes it one of the European leaders of cybersecurity with c.1,800 employees, more than €600m PF revenues in 2018 and strong positions in major local markets through its unique European DNA and a comprehensive cybersecurity services offering.

Orange is already a leading player in the French market through Orange Cyberdefense (€303m revenues in 2018, up 12% vs. 2017).

“Cybersecurity is a growing priority for companies of all sizes, and we believe the two most important success factors are Scale and Proximity. Scale because today's threats are global, complex, and require matching protection capabilities. Proximity because in the global IT world, you want a trusted local partner to secure your most strategic assets. With the acquisition of SecureData and SecureLink, Orange has the highest scale to anticipate and fend off attacks, as well as local defense teams in all the main European markets, positioning the combined organisation as the go-to defense specialist.” said Hugues Foulon, Executive Director of Cybersecurity at Orange. “I am looking forward to building the integrated organisation with Michel [Van Den Berghe, CEO of Orange Cyberdefense], Thomas Fetten and all the teams”.

Tuesday, April 16, 2019

Intel acquires Omnitek for FPGA expertise

Intel has acquired Omnitek, a provider of optimized video and vision FPGA IP solutions based in Basingstoke, England. Financial terms were not disclosed.

Omnitek was founded in 1998 and has developed over 220 FPGA IP cores and accompanying software including performance-leading solutions for WARP, ISP processing and video connectivity. Omnitek enables customized high-performance vision and artificial intelligence (AI) inferencing capabilities on FPGAs for customers across a range of end markets.

“Omnitek’s technology is a great complement to our FPGA business. Their deep, system-level FPGA expertise and high-performance video and vision-related technology have made them a trusted partner for many of our most important customers. Together, we will deliver leading FPGA solutions for video, vision and AI inferencing applications on Intel FPGAs and speed time-to-market for our existing customers while winning new ones,” Dan McNamara, Intel senior vice president and general manager of the Programmable Solutions Group.

“From data centers to devices, compute-intensive applications like 8K video and artificial intelligence require a multitude of innovative compute engines. FPGA devices play an increasingly critical role, often complementing other processing architectures, and Intel is at the center of this revolution,” said Roger Fawcett, CEO of Omnitek. “Omnitek is excited and extremely proud to bring our intellectual property and engineers to join the talented team in Intel’s Programmable Solutions Group.”

Wednesday, March 27, 2019

ON Semiconductor to acquire Quantenna

ON Semiconductor agreed to acquire Quantenna Communications for $24.50 per share in cash, representing an equity valye of approximately $1.07 billion and enterprise value of approximately $936 million, after accounting for Quantenna’s net cash.

Quantenna, which is a leading developer of Wi-Fi technology and software, was founded in 2006 and is based in San Jose, California.

“We are very pleased to welcome Quantenna to ON Semiconductor’s team. The acquisition of Quantenna is another step towards strengthening our presence in industrial and automotive markets. The combination of ON’s expertise in highly efficient power management and broad sales and distribution reach, and Quantenna’s industry leading Wi-Fi technologies and software expertise creates a formidable platform for addressing fast growing markets for low-power connectivity in industrial and automotive applications,” said Keith Jackson, president and chief executive officer of ON Semiconductor. “I am very excited about the opportunity this acquisition creates for customers, shareholders, and employees of the two companies.”

“Today’s announcement is great news for Quantenna employees and customers worldwide. As part of ON Semiconductor, Quantenna will benefit from a world-class organization in our commitment to providing the best end user experience for our customers,” stated Dr. Sam Heidari, chairman and chief executive officer of Quantenna. “We are proud of our accomplishments and look forward to a smooth transition with the ON Semiconductor team to pursue exciting new opportunities for Quantenna’s talented employees and reinforce our longstanding position as a leading Wi-Fi technology innovator.”

http://www.onsemi.com


  • Earlier this month, Quantenna Communications announced a new benchmark for Wi-Fi network performance by achieving over 2 Gbps total throughput. This was attained by connecting multiple laptops with commercially available Intel Wireless-AC 9260 2x2AC MIMO wireless modems to a Quantenna-based 8x8 MIMO access point and utilizing the latest Wi-Fi features such as multi-user MIMO (MU-MIMO).

    “Quantenna is proud of its continuous innovation to perfect Wi-Fi connectivity and user experience. We prove it once again by reaching this multi-gigabit milestone,” said Dr. Sam Heidari, chairman and CEO of Quantenna.

    Quantenna’s Wi-Fi 6 QSR10GU-AX Plus chipset provides integrated dual-band, dual-concurrent 2.4GHz and 5GHz functionality, supporting up to a maximum speed of 10 Gbps and 12 simultaneous streams. It includes the SmartScan feature that offers enhanced radar detection and spectrum analyzer capabilities with wide frequency range analysis. The QSR10GU-AX Plus also supports advanced MU-MIMO schemes, allowing for transmission to multiple devices at the same time. The Intel Wireless-AC 2X2 160 MHz delivers Gigabit Wi-Fi speeds and includes two antennas for reliable connections, making it possible for users to experience smooth gaming and 4K UHD video streaming, and fast file transfers and backups on their devices.

Thursday, March 7, 2019

Luna Innovations acquires General Photonics

Luna Innovations has acquired General Photonics Corporation, a Chino, California-based supplier of optical components, modules and test equipment. General Photonics is focused on the generation, measurement and control of polarized light critical in fiber optic-based applications. The purchase price was $20 million, which includes a potential $1 million earnout payment.

Luna said General Photonics’ component and module product lines are an ideal addition to its own product portfolio. Its polarization measurement instruments are highly complementary to Luna’s line of optical measurement tools.

“We are excited to announce the acquisition of General Photonics, another step in the execution of our core strategy. This acquisition brings a highly complementary product portfolio to the capabilities of Luna’s communications test products,” said Scott Graeff, President and Chief Executive Officer of Luna. “We intend to drive a quick and smooth integration as both company’s products are built on similar electronics, optics and software platforms for high-precision measurement and control of light. This deal further demonstrates our commitment to use capital prudently for transactions that are quickly accretive to our earnings, and it is consistent with our previously stated goal to drive long-term value.”

Monday, March 4, 2019

Juniper to acquire Mist for cloud managed, enterprise Wi-Fi

Juniper Networks agreed to acquire Mist Systems, a start-up offering a cloud-managed, enterprise wireless platform, for $405 million in cash and equity awards.

Mist, which is based in Cupertino, California, has developed an AI-driven wireless platform for making Wi-Fi more predictable, reliable and measurable. Mist has also developed an AI-driven virtual assistant, Marvis, to simplify wireless troubleshooting and provide unprecedented insight into client and network behavior. In addition, Mist uses patented virtual Bluetooth LE technology in conjunction with Wi-Fi and IoT to deliver scalable and cost-effective location-based wireless services to customers, such as indoor wayfinding, proximity notifications, traffic analytics and asset tracking. All operations are managed via Mist’s modern cloud microservices architecture.

Mist’s Wireless LAN (WLAN) platform will be combined with Juniper’s wired LAN, SD-WAN and security solutions. Juniper said the deal also enables it to extend cloud-based management and end-to-end AI-driven visibility across the end-to-end enterprise network (from access to the WAN) to offer an industry-leading, software-defined and highly differentiated solution for simplifying operations, improving user experience and lowering total cost of ownership (TCO).

“Mist Systems is a great fit for Juniper and for our enterprise customers,” explained Rami Rahim, CEO of Juniper Networks. “Juniper and Mist share a common strategic goal. We believe in the Software-Defined Enterprise and Mist’s focus on bringing AI to IT is consistent with our core belief that we need to simplify operations and improve customer experience while lowering costs. With Mist, we are adding a market leading solution to complement our portfolio, drive the cloud transition within the enterprise and accelerate our enterprise growth.”

“Mist Systems has developed a unique blend of wireless, AI and cloud expertise that has enabled us to stand out from the competition and bring much needed innovation to the wireless space,” said Sujai Hajela, CEO of Mist Systems. “By combining these proficiencies with Juniper’s expansive channel reach, world-class support and best-in-class networking and security products, we believe we will be well poised to change the IT landscape by ushering in a new generation of AI-driven products.”

Monday, February 11, 2019

Amazon to acquire eero for home Wi-Fi

Amazon agreed to acquire eero, a start-up offering a home mesh WiFi system. Financial terms were not disclosed.

eero, which was founded in 2014 and is based in San Francisco, uses an access point with multiple beacon devices to fully cover a home with Wi-Fi.  eero has 4.6-star product rating on Amazon.com.

The main eero device employs tri-band WiFi radios, simultaneous 2.4GHz, 5.2GHz, and 5.8GHz wireless, 2x2 MU-MIMO, beamforming, and supports IEEE 802.11a/b/g/n/ac. On board is a 700 MHz quad-core processor, 512MB RAM, and 4GB flash storage. The beacons use dual-band WiFi radios, simultaneous 2.4GHz and 5GHz wireless, 2x2 MU-MIMO, beamforming, and also support IEEE 802.11a/b/g/n/ac.

“We are incredibly impressed with the eero team and how quickly they invented a WiFi solution that makes connected devices just work,” said Dave Limp, SVP of Amazon Devices and Services. “We have a shared vision that the smart home experience can get even easier, and we’re committed to continue innovating on behalf of customers.”

“From the beginning, eero’s mission has been to make the technology in homes just work,” said Nick Weaver, Co-Founder and CEO of eero. “We started with WiFi because it’s the foundation of the modern home. Every customer deserves reliable and secure WiFi in every room. By joining the Amazon family, we’re excited to learn from and work closely with a team that is defining the future of the home, accelerate our mission, and bring eero systems to more customers around the globe.”

eero was funded by funded by First Round Capital, Shasta Ventures, Redpoint Ventures and Playground Global.

Wednesday, February 6, 2019

Cisco completes Luxtera acquisition

Cisco completed its previously announced acquisition of privately-held Luxtera.

Cisco said it plans to incorporate Luxtera’s technology across its intent-based networking portfolio, spanning enterprise, data center and service provider markets.


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."

Cisco to acquire Singularity Networks for traffic analytics

Cisco has agreed to acquire Singularity Networks, a privately-held network infrastructure analytics company based in Lone Tree, Colorado. Financial terms were not disclosed.

Singularity Networks will join the automation group within Cisco’s Service Provider Business Unit. Cisco plans to integrate Singularity Networks’ analytics capabilities into its Crosswork Network Automation portfolio for Service Providers.

"I am pleased to announce Cisco’s intent to acquire Singularity Networks, a privately-held network infrastructure analytics company. Singularity Networks captures, enriches, and analyzes network data to help service providers, web companies and enterprises improve network performance, manage costs, gain visibility, and reduce downtime.

Tuesday, February 5, 2019

CBRE acquires Romonet for data center analytics

CBRE Group, the global data center real estate firm, has acquired the assets of Romonet, which develops analytics software for data center operators.  Financial terms were not disclosed.

Romonet's software helps increase capacity at data centers. The company was founded in 2008 by data center technology pioneers Zahl Limbuwala and Liam Newcombe. Romonet is based in the UK and serves clients across the globe. Romonet and its team of professionals will be integrated into CBRE’s global Data Center Solutions offering.

John Dunstan, president, Data Center Solutions at CBRE, said: “Romonet adds complementary market-leading solutions to our existing platform and will help us to deliver highly differentiated outcomes for our clients across the globe.”

Mr. Limbuwala, co-founder of Romonet, said: “The data center market continues to rapidly evolve and scale, and automation is increasingly critical. Joining CBRE’s leading global data centers team will allow us to provide worldwide support and capability for our clients.”

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/

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