Voltaire Licenses Software to IBM for $17M

Voltaire, a maker of server and data center technologies based in Chelmsford, MA, and Ra’anana, Israel, said today it has agreed to license certain software products to IBM (NYSE: [[ticker:IBM]]) in exchange for about $17 million in fees through 2012. Voltaire (NASDAQ: [[ticker:VOLT]]) develops switches, server adapters, and network management software for industries including financial services, media, education, government, and life sciences. The company was founded in 1997 and is in the process of being acquired by California- and Israel-based Mellanox Technologies (NASDAQ: [[ticker:MLNX]]).

Author: Gregory T. Huang

Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003. Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.