16 May '13, 5am

Mellanox to acquire silicon photonics developer Kotura

SAN FRANCISCO—Mellanox Technologies Ltd., a suppler of interconnect solutions for servers and storage systems, said Wednesday (May 15) it signed a definitive agreement to acquire silicon photonics developer Kotura Inc. for about $82 million in cash. Kotura (Monterey Park, Calif.) develops silicon photonics optical interconnect technology for high-speed networking applications. The firm announced in March it inked a foundry deal with an unnamed Japanese company to produce its silicon photonics chips. Mellanox (Sunnyvale, Calif.) said the deal, expected to close in the second half of the year, has been unanimously approved by both companies' boards of directors. The company added that it expects the acquisition to enhance its competitiveness and expand its ability to deliver cost-effective, high-speed networks with next-generation optical connectivity. Kotura, which is priva...

Full article: http://www.eetimes.com/electronics-news/4414525/Mellanox-...

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