MERGERS & ACQUISITIONS
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Emulex to acquire NZ network products firm
The technology firm will purchase Endace in a cash-only deal worth approximately $130M
by Caitlin AdamsPublished: December 06, 2012
Costa Mesa-based Emulex Corporation will acquire a New Zealand technology firm specializing in network security and management systems. Emulex, which produces and markets network adapters, storage switches, and connectivity management software, will acquire all outstanding shares of stock in Endace Limited in an all-cash offer worth about $130 million.
The deal will add Endace's hardware and software products in network monitoring, analytics and access switching to Emulex's product line. Endace’s revenues for the last fiscal year amounted to $41.2 million.
Emulex CEO Jim McCluney said the acquisition will nearly double Emulex's total addressable market to $3.2 billion dollars and allow Emulex to provide network equipment and services at speeds of 10 gigabits per second and up.
“Acquiring Endace aligns with our software-defined convergence strategy, doubles our total addressable market and places Emulex in another high-margin, high-growth market,” McCluney said.
Mike Riley, CEO of Endace, said the company is excited to be “joining forces” with Emulex. “The combined strengths of Emulex and Endace will provide our customers with industry-leading solutions to connect, monitor and manage high-performance networks in the world’s most demanding data center environments.”
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The deal will add Endace's hardware and software products in network monitoring, analytics and access switching to Emulex's product line. Endace’s revenues for the last fiscal year amounted to $41.2 million. Emulex CEO Jim McCluney said the acquisition will nearly double Emulex's total addressable market to $3.2 billion dollars and allow Emulex to provide network equipment and services at speeds of 10 gigabits per second and up. “Acquiring Endace aligns with our software-defined convergence strategy, doubles our total addressable market and places Emulex in another high-margin, high-growth market,” McCluney said. Mike Riley, CEO of Endace, said the company is excited to be “joining forces” with Emulex. “The combined strengths of Emulex and Endace will provide our customers with industry-leading solutions to connect, monitor and manage high-performance networks in the world’s most demanding data center environments.” Related headlines MIND Research Institute honors Emulex as Corporation of the Year Emulex recognizes CSU Fullerton artists 20 Women to Watch ~ Margie Evashenk |
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