PCR Tech and IT retail, distribution and vendor news
Intel, Cisco and SanDisk have all announced acquisitions.
INTEL
The chip vendor has completed its purchase of NFC IP from Inside Secure, a vendor of embedded security solutions for mobile and connected devices, for $19.2 million (£11.3m).
The proposed sale had previously been announced on April 1st.
Under the terms of the finalised agreement, Inside Secure has extended the pre-existing worldwide, perpetual license it had with Intel into a broad, royalty-free and fully paid-up license, with Inside retaining ownership of the majority of its related IP assets and rights.
The firm has also given its MicroRead-v5 next-generation NFC hardware and software modem technology currently under development to Intel.
Following the deal, certain Inside employees based in France and California have joined Intel.
CISCO
Cisco has announced its intent to acquire privately-held Swedish firm Tail-f Systems, a provider of multi-vendor network service solutions for traditional and virtual networks.
Tail-f’s products help service providers and enterprise IT organisations implement applications, network services and solutions across networking devices.
The acquisition of Tail-f is said to be an effort to accelerate Cisco’s cloud virtualisation strategy, covering Internet of Things devices.
"With a rapidly increasing number of people, devices, and sensors connecting across the Internet of Things (IoT), service providers require new capabilities to deliver value-added, cloud-based services and applications," said Hilton Romanski, SVP of Cisco corporate development.
"The acquisition of Tail-f’s network services configuration and orchestration technology will extend Cisco’s innovation in network function virtualisation, helping service providers reduce operating costs and the time it takes to deploy new services, making agile service provisioning a reality."
Upon completion of the acquisition, Tail-f employees will join Cisco’s cloud and virtualisation group led by VP and GM Gee Rittenhouse.
Under the agreement, Cisco will pay approximately $175 million (£103.2m) in cash and retention-based incentives in exchange for all shares of Tail-f.
The acquisition is expected to be completed in Q4 2014.
SANDISK
Storage specialist SanDisk has announced an agreement to acquire Fusion-io, a developer of flash-based PCIe hardware and software solutions.
The acquisition will be an all-cash transaction valued at approximately $1.1 billion (£0.65bn).
“Fusion-io will accelerate our efforts to enable the flash-transformed data centre, helping companies better manage increasingly heavy data workloads at a lower total cost of ownership,” said Sanjay Mehrotra, SanDisk president and CEO.
“Customers will benefit from the addition of Fusion-io’s leading PCIe solutions to SanDisk’s vertically integrated business model. We look forward to working with the world-class engineering and go-to-market teams from Fusion-io to provide high-value solutions to customers around the world.”
It is expected that the transaction, which has been approved by the boards of both firms, will close in Q3 of SanDisk’s fiscal 2014 year.
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