|[June 24, 2014]
Mellanox Technologies Ltd. Announces Definitive Agreement to Acquire Integrity Project
SUNNYVALE, Calif. & YOKNEAM, Israel --(Business Wire)--
Mellanox (News - Alert)® Technologies, Ltd. (NASDAQ:MLNX), a leading supplier of
end-to-end interconnect solutions for servers and storage systems,
announced its intent to acquire privately-held Integrity Project, which
includes an accomplished team of software technology veterans. Based in
Ramat-Gan, Israel, Integrity Project was formed out of an elite military
technology unit, specializing in the fields of connectivity, low-level
development, real-time applications, and security. Mellanox is acquiring
Integrity Project for its software expertise, which further enhances
Mellanox's commitment to providing superior solutions. The acquisition
positions Mellanox to broaden its customer base by adding software
solutions designed to enable customers to achieve optimal performance
from all interconnect components.
Mellanox and Integrity Project have signed a definitive agreement under
which Mellanox will acquire Integrity Project. The transaction is
currently projected to close in the third quarter of 2014, subject to
the completion of certain closing conditions.
"The new and emerging Web 2.0 ad cloud applications that influence our
daily lives depend on the rapid handling of data," said Eyal Waldman,
president and CEO of Mellanox Technologies. "We expect that the
Integrity Project acquisition will further enhance our software team's
capabilities to provide the best compute and storage platforms, such as
CloudX™, to enable our customers to best meet the growing demands of
applications and the usage of the data within high-performance, Web 2.0,
cloud, and storage environments. We welcome the talented team from
Integrity Project and look forward to their contribution to Mellanox's
"Together, we will focus on increasing the Mellanox's software
development capabilities to further enable cloud data centers to run
applications faster and more efficiently," said Elad Raz, founder and
CTO of Integrity Project. "The Integrity Project team is delighted to
join the Mellanox team and look forward to working together to drive the
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.
Mellanox is a registered trademark of Mellanox Technologies, Ltd. CloudX
is a trademark of Mellanox Technologies. All other trademarks are
property of their respective owners.
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