Mellanox and Integrity Project have signed a definitive agreement under which Mellanox will acquire Integrity Project. The transaction is currently projected to close in the third quarter of 2014, subject to the completion of certain closing conditions.
"The new and emerging Web 2.0 and Cloud applications that influence our daily lives depend on the rapid handling of data", stated Eyal Waldman, president and CEO of Mellanox Technologies. "We expect that the Integrity Project acquisition will further enhance our software team's capabilities to provide the best compute and storage platforms, such as CloudX, to enable our customers to best meet the growing demands of applications and the usage of the data within high-performance, Web 2.0, Cloud, and storage environments. We welcome the talented team from Integrity Project and look forward to their contribution to Mellanox's continued growth."
"Together, we will focus on increasing the Mellanox's software development capabilities to further enable Cloud data centres to run applications faster and more efficiently", stated Elad Raz, founder and CTO of Integrity Project. "The Integrity Project team is delighted to join the Mellanox team and look forward to working together to drive the company's growth."