Mellanox Comments on Acquisition of EZchip Following Successful Shareholder Vote
20 1월 2016 - 3:45AM
Business Wire
Transaction Expected To Close in the Second
Half of February 2016
Mellanox® Technologies, Ltd. (NASDAQ: MLNX) today announced that
its proposed merger with EZchip (NASDAQ:EZCH)(TASE:EZCH) has
received the necessary votes of approval from EZchip shareholders.
Mellanox expects to complete the acquisition of the fabless
semiconductor provider of high-performance processing solutions
during the second half of February 2016.
“With the receipt of the necessary shareholder approval, we are
pleased to be another step closer to completing the acquisition of
EZchip,” said Eyal Waldman, President and CEO of Mellanox. “This
acquisition will enhance our scale and profitability by broadening
the Mellanox product portfolio, add critical embedded processing
intellectual property and know-how to our capabilities and
significantly expand our market reach and customer relationships.
With the combination of our teams, technologies and products,
Mellanox and EZchip together will be in an excellent position to
capitalize on the substantial opportunity for Intelligent
Networking, and deliver significant benefits to shareholders, data
center customers and employees of the combined company.”
Following completion of the transaction, Mellanox intends
to integrate employees from both organizations and retain both
companies’ existing product lines, which will ensure continuity for
customers and partners of both companies.
Separately, Mellanox today reaffirmed its guidance for the
fourth quarter 2015 results provided on October 21, 2015.
As previously announced, Mellanox intends to release its
financial results for the fourth quarter 2015 and full fiscal year
after market close on Wednesday, January 27, 2016, and host a
conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
To listen to the call, please dial +1-785-424-1666 approximately 10
minutes prior to the start time. The call will be available via a
live webcast accessible from the Investor Relations section of
the Mellanox website at http://ir.mellanox.com. Please
access the website 15 minutes prior to the start of the call to
download and install any necessary audio software. An archived
webcast replay will be available on
the Mellanox website.
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. All other trademarks are property of their respective
owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20160119006616/en/
Media Contacts:KekstAndrea Calise/Kimberly
Kriger+1-212-521-4845 / +1-212-521-4862andrea.calise@kekst.com or
kimberly.kriger@kekst.comorIsrael Press Contact:Gelbart
Kahana Investor RelationsSharon Levin,
+972-3-6070567sharonl@gk-biz.comorInvestor Contact:Mellanox
Technologies+1-408-916-0024ir@mellanox.com
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