Marvell Buys XeleratedMarvell Buys Xelerated

Marvell announced it has completed the acquisition of Sweden-based Xelerate

January 4, 2012

1 Min Read

SANTA CLARA, Calif. -- Marvell (Nasdaq: MRVL), a worldwide leader in integrated silicon solutions, today announced it has completed the acquisition of Sweden-based Xelerated, AB, a leading technology innovator in network processing and programmable Ethernet switching solutions for the design of Carrier Ethernet, Unified Fiber Access, Mobile Backhaul and Transport platforms. Xelerated's AX and HX family of network processor and programmable switches complements Marvell's existing product portfolio of packet processors, ARM-based SoCs, wireless and low-power physical layer devices widely used in infrastructure, data center and enterprise networking equipment. Terms of the deal were not disclosed.

"Xelerated's synergy with Marvell sets the stage for significant progress in the way service providers build out the Mobile Internet," said Paul Valentine, vice president of marketing for Enterprise Business Unit at Marvell Semiconductor, Inc. "The acquisition reflects Marvell's increasing strategic investments in providing a new generation of advanced network infrastructure solutions designed to enable cloud-based services. Xelerated brings yet another level of performance and capability to Marvell's technology, enabling customers to quickly scale their services while maintaining the low power, low latency and deterministic performance necessary for the reliable Mobile Internet."

Marvell Technology Group Ltd. (Nasdaq: MRVL)

Xelerated Inc.

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