Following the announcement of acquisition of silicon photonics manufacturer Kotura two weeks ago, the storage network vendors Mellanox Technologies Ltd. recently announced that the company will acquire a Danish private IPtronics A / S, reflecting determination of them enhancing the light transmission capability. Mellanox will spend $ 47.5 million in cash for the acquisition. IPtronics A / S is the industry’s well-known application of parallel optical transmitter and receiver technology developers. Board of Directors of Mellanox and IPtronics has approved the details of the transaction, Mellanox is expected in the second half to complete the transaction.
IPtronics provides multi-channel vertical cavity surface emitting laser (VCSEL) driver, modulator drivers and transimpenndance amplifier. Mellanox’s platform is already in use of IPtronics products. The same with the acquisition of Kotura, Mellanox said that IPtronics products are embedded in its current solutions, and that the acquisition enhances its ability to deliver complete end-to-end optical interconnect solutions at 100-Gbps and higher speeds to meet the growing demands of applications used in high-performance, Web 2.0, cloud, data center, database, financial services and storage environments.
The proposed acquisition of IPtronics is highly complementary with our recently proposed acquisition of Kotura. IPtronics’ parallel optical interconnect ICs further solidify our strategy to have a full end-to-end solution for the server and storage interconnect,” said Mellanox president and CEO Eyal Waldman.
Mellanox plants to establish its first R&D center in Europe at IPtronics’ premises in Roskide, Denmark, and further expan its customer support presence in Europe. It will keep IPtronics’ existing product lines to ensure continuity for customers and partners.
“We are very pleased to joint the Mellanox team and look forward to working together to further push forward the development of the combined company” said IPronics A / S co-founder and CEO Niels Finseth.
Published by FiberStore, business news – www.fs.com
on June 5, 2013