Mellanox Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end smart interconnect solutions for datacenter servers and storage systems, announced that it has reached a definitive agreement to acquire privately held Titan IC, the leading developer of network intelligence (NI) and security technology to accelerate search and big data analytics across a broad range of applications in datacenters worldwide.
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.
The acquisition will further strengthen Mellanox’s network intelligence capabilities delivered through the company’s advanced ConnectX and BlueField families of SmartNIC and I/O Processing Unit (IPU) solutions. Titan IC’s world class team in Belfast, Northern Ireland will become the center of advanced network intelligence research and development for Mellanox.
“We are pleased to become part of Mellanox 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. “We have worked with Mellanox for many years to integrate our RXP regular expression processor into their advanced line of BlueField I/O Processing Units (IPUs). Now as part of Mellanox, 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 Mellanox.”
Andy Lister, 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 Mellanox’s ownership.”
Matthew Byatt, Managing Partner at Acuity Advisors said:
“We are pleased to have worked with Titan IC and Mellanox on this transaction, which 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.”