Mellanox Technologies, a supplier of end-to-end connectivity offerings for servers and storage that optimise data centre performance, has agreed to buy server and storage fabric switches and advanced management software provider Voltaire.
Mellanox has agreed to pay $8.75 per share, or approximately $218m in cash, to acquire Voltaire in a deal aimed at strengthening its position in the data storage market.
The company said that the combined business will have about 700 employees and annual revenue of about $217m.
Mellanox said that the deal will add about $0.2 to $0.5 to its earnings for fiscal 2011 and lead to savings of at least $10m by the end of 2012.
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