Breaking News

Tweet TWEET

Mellanox Technologies Ltd. Announces Definitive Agreement to Acquire Integrity Project

  Mellanox Technologies Ltd. Announces Definitive Agreement to Acquire   Integrity Project     Acquisition to enhance Mellanox’s ability to develop and provide richer     software solutions that enable the most effective compute and storage                                   platforms  Business Wire  SUNNYVALE, Calif. & YOKNEAM, Israel -- June 24, 2014  Mellanox® 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 and 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 continued growth.”  “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 company’s growth.”  About Mellanox  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.  Contact:  Mellanox Technologies, Ltd. Press/Media Contact Waggener Edstrom Ashley Paula, +1-415-547-7024 apaula@waggeneredstrom.com or USA Investor Contact Mellanox Technologies Gwyn Lauber, +1-408-916-0012 gwyn@mellanox.com or Israel Investor Contact Gelbart Kahana Investor Relations Keren Goldberg, +972-3-6070593 kereng@gk-biz.com  
Press spacebar to pause and continue. Press esc to stop.