Nevex Acquired by Intel

Strategic Advisory Services International, LLC (SASI) is announced that Nevex Virtual Technologies, Inc. has been acquired by Intel Corp.

SASI served as exclusive financial advisor to Nevex.

Terms of the transaction were not disclosed.

SASI was engaged to explore strategic options for Nevex including the sale of the company. At the time of our engagement, Nevex had recently launched CacheWorks and was receiving significant interest from a range of strategic partners. SASI led internal strategic discussions and assisted management in defining an action plan.

SASI led all discussions with interested strategic partners and ultimately drove the process toward a M&A exit. Keys to success included in depth market knowledge of the caching space, relationships with potential strategic partners and overall deal execution in a timely manner.

"John (Rotchord, MD, SASI) is well connected and very knowledge in the IT Infrastructure arena. We highly recommend John and will use him again. His assistance was crucial in the sale process and negotiations," said Steve Lamb, CEO of Nevex.