MATTHEW BYATT
Managing Partner
NVIDIA Corporation (NASDAQ: NVDA), a global leader in accelerated computing and AI, announced that it has reached a definitive agreement to acquire privately held Titan IC, a leading developer of network intelligence (NI) and security technology.
Titan IC is a world leader in high-speed complex pattern matching and real-time internet traffic inspection for advanced cyber security and data analytics applications. The highly sophisticated RXP hardware network intelligence acceleration engine, offloads regular expressions (RegEx) string and malware matching, freeing up CPU cores and delivering faster throughput and increased efficiency.
This acquisition strengthens NVIDIA’s capabilities in accelerating search and big data analytics across a wide array of datacentre applications.
“We are pleased to become part of NVIDIA and together we will accelerate the pace of innovation and will advance network intelligence to new levels of performance and insight,” said Noel McKenna, CEO, Titan IC. “As part of NVIDIA, we will be able to achieve new capabilities for cyber intelligence, intrusion detection and protection, and advanced data analytics applications.”
Michael Black, Chairman of Titan IC said:
“It was great working with the Acuity team on this important transaction for Northern Ireland’s technology sector. Acuity leveraged their semiconductor experience to help us crisply articulate Titan IC’s world leading network intelligence capabilities to potential acquirers – and then worked alongside us to drive the deal to its successful completion with NVIDIA.”
Matthew Byatt, Managing Partner at Acuity Advisors said:
“Congratulations to the Titan IC team on this transaction. Titan IC’s world leading technology is pivotal to enabling next generation datacenter applications and we wish them the very best under NVIDIA’s ownership. This transaction underpins Acuity Advisors’ position as the leading mid-market advisor in the semiconductor sector. We wish the Titan IC team every success in the future.”
“It was great working with the Acuity team on this important transaction for Northern Ireland’s technology sector. Acuity leveraged their semiconductor experience to help us crisply articulate Titan IC’s world leading network intelligence capabilities to potential acquirers – and then worked alongside us to drive the deal to its successful completion with NVIDIA.”
MICHAEL BLACK | Chairman
Titan IC
Matthew is a Co-Founder and Managing Partner at Acuity and leads the Acuity Advisors’ Deeptech practice.
Matthew has held senior leadership and corporate finance positions with some of the UK’s most successful and influential technology and consultancy companies. Roles with ARM, McKinsey and Cadence have given Matthew an exceptional insight into the world’s most successful businesses and a number of the UK’s eminent start-ups, underpinning his success at Acuity.
Matthew has considerable experience across a broad range of technology sectors throughout the UK, US and Asia, ranging from nanotechnology, semiconductor and cleantech to digital media and internet businesses. It’s experience that has given him a robust, well-developed and international network. Having also run and successfully exited his own business, Matthew has a deep understanding of the financial and emotional aspects of this demanding process, bringing a unique and authoritative perspective to each business sale.
One of Matthew’s strengths is understanding complex technical value propositions, one of the benefits of training as an electronic engineer. He gets to the heart of what drives a company’s value and communicates this persuasively to potential buyers and investors. Matthew understands a buyer’s motivation intuitively and delivers a compelling rationale for why a business sale should be of strategic interest. His insight consistently yields higher deal values and results in great successes for his clients.