Mellanox Technologies Completes Acquisition of Voltaire
Mellanox Technologies, a supplier of high-performance, end-to-end connectivity solutions for data center servers and storage systems, has announced that it has completed the acquisition of Voltaire, a provider of scale-out data center fabrics, for $8.75 per share, or a total cash purchase price of approximately $208 million (approximately $175 million net of cash). Mellanox also assumed Voltaire's outstanding equity awards, which were converted into equity awards to acquire an aggregate of 649,614 ordinary shares of Mellanox.
As the performance requirements for faster, better and more cost-efficient computing and storage platforms in the virtualized data center and cloud markets drive the need for superior connectivity solutions, Mellanox's acquisition of Voltaire is intended to addresses this need by strengthening Mellanox's market leadership position as a provider of end-to-end connectivity systems. The transaction also expands the company's software and product offerings to allow it to serve a wider range of data center markets, including high performance computing, financial services, database, Web 2.0, Internet and the Cloud.
“I look forward to the significant opportunities this union brings and welcome the Voltaire employees into the Mellanox family,” said Eyal Waldman, chairman, president and CEO of Mellanox Technologies. “Together, we expect to accelerate the roll-out of our combined product roadmap, expand our market reach and continue the Company's current design-win and revenue growth momentum. Our acquisition of Voltaire allows Mellanox to provide the server and storage industry with the most efficient and comprehensive, high-performance, end-to-end connectivity solutions for InfiniBand and Ethernet.”
Upon the closing of the acquisition, all remaining outstanding ordinary shares of Voltaire were converted into the right to receive $8.75 per share in cash. As a result of the transaction, Voltaire has become a wholly-owned subsidiary of Mellanox Technologies.