Mellanox to acquire Kotura
Mellanox Technologies, a supplier of end-to-end interconnect solutions for servers and storage systems, has announced its intent to acquire Kotura, an innovator and developer of advanced silicon photonics optical interconnect technology for high-speed networking applications.
Mellanox and Kotura have signed a definitive agreement under which Mellanox will acquire Kotura for approximately $82 million subject to certain adjustments. The terms of the transaction have been unanimously approved by both boards of directors.
The transaction is currently projected to close in the second half of 2013, subject to the completion of certain closing conditions. The acquisition is expected to expand Mellanox’s ability to deliver cost-effective, high-speed networks with next generation optical connectivity, allowing data center customers to meet the growing demands of high-performance, Web 2.0, cloud, data centre, database, financial services and storage applications.
Mellanox believes that the Kotura acquisition will enhance its ability to provide leading technologies for high speed, scalable and efficient end-to-end interconnect solutions.
'Operating networks at 100 gigabit-per-second rates and higher requires careful integration between all parts of the network. We believe that silicon photonics is an important component in the development of 100-gigabit InfiniBand and Ethernet solutions, and that owning and controlling the technology will allow us to develop the best, most reliable solution for our customers,' said Eyal Waldman, president, CEO and chairman of Mellanox Technologies.
'We expect that the proposed acquisition of Kotura’s technology and the additional development team will better position us to produce 100Gb/s and faster interconnect solutions with higher-density optical connectivity at a lower cost. We welcome the great talent from Kotura and look forward to their contribution to Mellanox’s continued growth.'