Mellanox Completes Acquisition of Kotura
For $82 million in cash as expected
This is a Press Release edited by StorageNewsletter.com on August 19, 2013 at 2:27 pmMellanox Technologies, Ltd. completed the acquisition of privately held Kotura, Inc., developer of advanced silicon photonics optical interconnect technology for high-speed networking applications, at a total cash purchase price of approximately $82 million, subject to certain working capital and other adjustments.
The transaction enhances Mellanox’s ability to provide technologies for high speed, scalable and efficient end-to-end interconnect solutions, and is expected to increase Mellanox’s competiveness to meet the growing demands of high-performance, Web 2.0, cloud, data center, database, financial services and storage applications.
Kotura’s current location in Monterey Park, CA, will serve as Mellanox’s first R&D center in the United States.
"Through our acquisition of Kotura, we now have the silicon photonics technology to continue the development of best-in-class, next-generation IB and Ethernet interconnect solutions for 100Gb/s and beyond. This acquisition solidifies our strategy to provide full end-to-end interconnect solutions for our server and storage customers," said Eyal Waldman, president and CEO, Mellanox. "We look forward to the integration of Kotura’s technologies into our solutions, and we welcome Kotura’s employees into the Mellanox family."
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Mellanox Acquires Kotura for $82 Million in Cash
In silicon photonics for 100Gb/s speeds and beyond
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