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General

Cavium to buy Xpliant for USD 90 million

Thursday 31 July 2014 | 11:32 CET | News
Semiconductor products provider Cavium has announced a definitive agreement to buy privately held US switch silicon company Xpliant for approximately USD 90 million. Cavium was already an investor in Xpliant, having provided USD 15 million of funding through June, an amount included in the total cost estimate. The remaining USD 75 million will comprise approximately USD 40 million in cash and USD 35 million in shares. Xpliant technology and products address the need for increased capacity in both networking infrastructure and datacentres driven by the steep growth of mobile applications and

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Categories: General
Companies: Cavium
Countries: United States
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