View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
November 30, 2010

Mellanox to acquire Voltaire for $218m

Strengthen its position in data storage market

By CBR Staff Writer

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.

Content from our partners
The growing cybersecurity threats facing retailers
Cloud-based solutions will be key to rebuilding supply chains after global stress and disruption
How to integrate security into IT operations

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU