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Slide #76. Mellanox Technologies Ltd. — Kotura, Inc.
Mellanox Technologies Ltd. (MLNX)
Mellanox Technologies, Ltd. (NASDAQ:MLNX) (TASE: MLNX), a leading supplier of end-to-end interconnect solutions for servers and storage systems, announced its intent to acquire privately held Kotura, Inc., a leading 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 at a total cash purchase price of approximately $82 million subject to certain adjustments. The terms of the transaction have been unanimously approved by both the Mellanox and Kotura boards of directors.
Mellanox Technologies is a fabless semiconductor company that designs, manufactures and sells interconnect products and solutions. Co.'s products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems. Co.'s products include adapter integrated circuits (ICs) and cards (ConnectX® and Connect-IB product family) and switch ICs (InfiniScale®, SwitchX®, SwitchX®-2, Spectrum®, Switch-IB and Quantum® product families) and systems, gateway ICs (BridgeX® product family) and gateway systems, long-haul systems (MetroX®), Bluefield family SOC multicore and SmartNIC processors, software, and LinkX® cables and transceivers.
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Buy (3.33 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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