Israel headquartered networking and data infrastructure solutions provider Silicom, has completed the previously announced acquisition of US-based ADI Engineering.
ADI Engineering is am intel-based products provider targeted at SDN, NFV, IoT, Cloud Computing and Virtualization trends.
Upon closing, Silicom paid ADI’s stockholders $10 million in cash, and will make additional payments in the future subject to the attainment of certain performance milestones.
Shaike Orbach, Silicom’s President and CEO, said, “We are very pleased to complete the acquisition and to bring ADI into the Silicom family.”
Looking forward to work and leverage the strengths of both the companies, Orbach added, “Initial discussions with both ADI and Silicom customers confirm their excitement about the potential of our joint efforts, and we look forward to immediately pursuing synergistic new product and business development opportunities.”
Silicom claims to be catering to large OEMs and providing solutions in the Cyber Security, Network Monitoring and Analytics, Traffic Management, Application Delivery, WAN Optimization, High Frequency Trading and other mission-critical segments within the fast-growing data center, enterprise networking, virtualization, cloud computing and big data markets.
Silicom’s product portfolio includes multi-port 1/10/40/100 Gigabit Ethernet server adapters, Intelligent Bypass solutions, Encryption accelerators, Ultra Low Latency solutions, Time Stamping and other innovative Smart adapters.