Mergers and Acquistions News
Categories: Hardware
October 16th 2008, 11:34AM
Global semiconductor leader Intel Coporation has purchased Ethernet technology specialist NetEffect of Austin, Texas for $8 million (£4.6 million).
The company - which reported revenues in excess of $38 billion last year - announced the acquisition yesterday (October 15th), with the general manager of Intel's LAN access division Tom Swinford suggesting the takeover was made in order to improve its Ethernet offerings.
"NetEffect technology will allow Intel to address our customers' most important ten gigabit Ethernet needs, including server virtualisation, convergence of network and storage traffic and server compute clusters," the spokesman remarked.
Intel has been busy in the mergers and acquisitions sector in recent months, purchasing a $20 million stake in Telligent Systems at the end of September through its investment arm Intel Capital.
A week later, it was revealed that the company had sold its Communication Rackmount Server Operation to German company Kontron Management. The financial details of the agreement were not released.
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