Just a few days after the announcement of Guardium’s acquisition by IBM, another Israeli company gets snatched. This time, US semiconductor manufacturer Broadcom (NSDQ: BRCM) bought Dune Networks, developer of Data Center Networking Equipment for a reported $178 million in cash. The boards of directors of the two companies have approved the merger.
The acquisition is meant to help Broadcom provide more bandwidth to the increasingly higher speed and scale demands driven by the
rapid expansion of cloud applications. The chipset developed by Dune is able to provide speedier SaaS experience as it “supports bandwidth speeds of up to 100Gbps per port and can connect more than ten thousand servers (ports) in a single deployment”.
In the official press release Eyal Dagan, Chief Executive Officer of Dune Networks said:
“Dune Networks’ distributed connection fabric is a complement to Broadcom’s existing product suite. Our joint customers will be able to bring to market low cost, high performance data center switching that will enable end users to build next-generation cloud computing networks.”
Founded in 2000, Dune Networks raised $50 million in venture capital to date Pitango Venture Capital, Evergreen Venture Partners, Alta Berkeley Venture Partners, Aurum Ventures MKI, Cipio Partners, Jerusalem Venture Partners and U.S. Venture Partners. Dune is located in Sunnyvale CA and Yakum Israel.
Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. This the fourth acquisition of Broadcom in Israel, but by far the largest. Previous M&A deals include Broadlight ($12 Mln) and Wisair ($24 Mln).
Latest posts by Eze Vidra (see all)
- Emerging Machine Intelligence Clusters - March 2, 2017
- 30 Machine Intelligence Startups to Watch in Israel - February 15, 2017
- Five Books I Want to Read in 2017 - January 16, 2017