Shareholders Approve Mellanox Acquisition of EZchip

January 20, 2016 | Israeli founded Mellanox Technologies has confirmed its plans to complete the $811 million merger with Israel’s EZchip in the second half of February. The two semiconductor companies have received the necessary votes of approval from shareholders. Mellanox president and CEO Eyal Waldman said, “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 positon 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.