Mellanox Technologies, Ltd. Completes Acquisition of Kotura, Inc.
Leading silicon photonics technology to enable next-generation, end-to-end
100Gb/s interconnect solutions
SUNNYVALE, Calif. & YOKNEAM, Israel -- August 15, 2013
Mellanox® Technologies, Ltd. (NASDAQ: MLNX; TASE: MLNX), a leading supplier of
end-to-end interconnect solutions for servers and storage systems, today
announced that it completed the acquisition of privately held Kotura, Inc., a
leading innovator and developer of advanced silicon photonics optical
interconnect technology for high-speed networking applications, at a total
cash purchase price of approximately $82 million, subject to certain working
capital and other adjustments.
The transaction enhances Mellanox’s ability to provide leading technologies
for high speed, scalable and efficient end-to-end interconnect solutions, and
is expected to increase Mellanox’s competiveness to meet the growing demands
of high-performance, Web 2.0, cloud, data center, database, financial services
and storage applications.
Kotura’s current location in Monterey Park, California, will serve as
Mellanox’s first R&D center in the United States.
“Through our acquisition of Kotura, we now have the silicon photonics
technology to continue the development of best-in-class, next-generation
InfiniBand and Ethernet interconnect solutions for 100Gb/s and beyond. This
acquisition solidifies our strategy to provide full end-to-end interconnect
solutions for our server and storage customers,” said Eyal Waldman, president
and CEO of Mellanox Technologies. “We look forward to the integration of
Kotura’s technologies into our solutions, and we welcome Kotura’s employees
into the Mellanox family.”
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
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This document contains forward-looking statements within the meaning of
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Securities Exchange Act of 1934, as amended. These forward-looking statements
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industry and business, management's beliefs and certain assumptions made by
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The following factors, among others, could cause actual results to differ
materially from those described in the forward-looking statements: the
challenges and costs of integrating, restructuring and achieving anticipated
annualized cost synergies; the ability to retain key employees; the impact of
the transaction discussed herein on the Company’s actual financial results;
negative customer reaction to the acquisition; market adoption of the combined
company’s solutions; the continued growth in demand for high-performance,
scientific, database, voice, video and cloud applications; the continued
growth in demand for our products; the continued, increased demand for
industry standards-based technology; our ability to react to trends and
challenges in our business and the markets in which we operate; our ability to
anticipate market needs or develop new or enhanced products to meet those
needs; the adoption rate of our products; our ability to establish and
maintain successful relationships with our OEM partners; our ability to
effectively compete in our industry; fluctuations in demand; sales cycles and
prices for our products and services; our success converting design wins to
revenue-generating product shipments; and our ability to protect our
intellectual property rights. In any forward-looking statement in which we
express an expectation or belief as to future results, such expectation or
belief is expressed in good faith and believed to have a reasonable basis, but
there can be no assurance that the statement or expectation or belief will
result or be achieved or accomplished.
Lastly and furthermore, current uncertainty in the global economic environment
poses a risk to the overall economy as businesses may defer purchases in
response to tighter credit conditions, changing overall demand for our
products and negative financial news. Consequently, our results could differ
materially from our prior results due to these general economic and market
conditions, political events and other risks and uncertainties described more
fully in our documents filed with or furnished to the SEC.
More information about the risks, uncertainties and assumptions that may
impact us is set forth in our annual report on Form 10-K filed with the SEC on
February 25, 2013 and our subsequent quarterly reports on Form 10-Q, including
“Risk Factors.” All forward-looking statements in this press release are based
on information available to us as of the date hereof, and we assume no
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Mellanox is a trademark of Mellanox Technologies, Ltd. Kotura a trademark of
Kotura, Inc. All other trademarks are property of their respective owners.
Mellanox Technologies, Ltd.
Ashley Paula, +1-415-547-7024
USA Investor Contact
Gwyn Lauber, +1-408-916-0012
Israel Investor Contact
Gelbart Kahana Investor Relations
Nava Ladin, +972-3-6074717
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