Mooreland advises Kotura on sale to Mellanox
Monterrey Park, CA, USA /Yokneam, Israel — August 20, 2013 —Mooreland Partners is pleased to announce that it acted as the exclusive financial advisor to Kotura Inc. in its sale to Mellanox Technologies Ltd. for at a total cash purchase price of $82 million. The transaction closed on August 15, 2013.
Kotura is an established innovator in silicon photonics. The Company’s singular focus is on the application of silicon photonics to solve unique communications problems through a technology platform that adheres to four key attributes: small footprint, power efficiency, high performance and affordability. Kotura’s low-power, 100 gigabits per second (Gb/s) Optical Engine is designed to support the interconnect fabric for next generation data centers and high performance computers. Kotura is headquartered in Monterey Park, California. For more information, visit www.kotura.com.
Mellanox Technologies is a leading supplier of end-to-end InfiniBand and Ethernet interconnect solutions and services for servers and storage. With the acquisition, Mellanox expands its ability to deliver cost-effective, high-speed networks with next generation optical connectivity, allowing data center customers to meet the growing demands of high-performance, Web 2.0, cloud, data center, database, financial services and storage applications.
The sale of Kotura is the 15th transaction advised by Mooreland since the start of 2013 and exemplifies Mooreland’s global leadership in providing strategic advice to semiconductor and photonics companies.