Chelmsford, MA-based Voltaire (NASDAQ: [[ticker:VOLT]]), a developer of servers, switches, and software for high-performance and cloud computing environments, announced today that it has agreed to be acquired by Mellanox Technologies for $8.75 per share, for a total equity value of $218 million. The deal is expected to close first quarter of 2011 and will help Mellanox (NASDAQ: [[ticker:MLNX]]) strengthen its position in the end-to-end connectivity for data centers and servers space, according to the announcement. The company said it will bring the Voltaire employees under its management team, retain existing product lines, and run both companies from its offices located in Israel, the U.S., and around the world.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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