Mellanox completes $82m Kotura acquisition [Globes, Tel Aviv, Israel]
(Globes (Tel Aviv) Via Acquire Media NewsEdge) Aug. 18--Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) has completed the acquisition of privately held Kotura Inc., a developer of advanced silicon photonics optical interconnect technology for high-speed networking applications, for $82 million in cash, subject to certain working capital and other adjustments.
Mellanox says that the transaction enhances its ability to provide leading technologies for high speed, scalable and efficient end-to-end interconnect solutions, and that it should 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, based in Monterey Park, California, will serve as Mellanox's first R&D center in the US.
"Through our acquisition of Kotura, we now have the silicon photonics technology to continue the development of best-in-class, next-generation InfiniBand and Ethernet interconnect solutions for 100Gb/s and beyond." said Mellanox president and CEO Eyal Waldman. "This acquisition solidifies our strategy to provide full end-to-end interconnect solutions for our server and storage customers."
In June, Mellanox announced that it will delist from the Tel Aviv Stock Exchange (TASE), and keep only its Nasdaq listing. The company's share price has fallen over 30 percent since the beginning of the year.
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