Mellanox Technologies, Ltd. Completes Acquisition of Kotura, Inc.
15th August 2013
Leading silicon photonics technology to enable next-generation, end-to-end 100Gb/s interconnect solutionsThursday 15 August 2013
SUNNYVALE, CA and YOKNEAM, ISRAEL – August 15, 2013 – Mellanox® Technologies, Ltd. (NASDAQ: MLNX; TASE: MLNX), a leading supplier of end-to-end interconnect solutions for servers and storage systems, today announced that it completed the acquisition of privately held Kotura, Inc., a leading innovator and 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 leading 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, California, 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 InfiniBand 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 of Mellanox Technologies. “We look forward to the integration of Kotura’s technologies into our solutions, and we welcome Kotura’s employees into the Mellanox family.”
About Mellanox Mellanox Technologies is a leading supplier of end-to-end InfiniBand and Ethernet interconnect solutions and services for servers and storage. Mellanox interconnect solutions increase data center efficiency by providing the highest throughput and lowest latency, delivering data faster to applications and unlocking system performance capability. Mellanox offers a choice of fast interconnect products: adapters, switches, software, cables and silicon that accelerate application runtime and maximize business results for a wide range of markets including high performance computing, enterprise data centers, Web 2.0, cloud, storage and financial services. More information is available at www.mellanox.com.
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More information about the risks, uncertainties and assumptions that may impact us is set forth in our annual report on Form 10-K filed with the SEC on February 25, 2013 and our subsequent quarterly reports on Form 10-Q, including “Risk Factors.” All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
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