Mellanox Technologies has signed on the dotted line to buy US-based network intelligence (NI) and security technology developer Titan IC for an undisclosed sum.
Upon closing, the target’s team in Northern Ireland will be at the centre of the acquiror’s NI research and development operations.
Headquartered in Belfast, Titan claims to be the world leader in high-speed complex pattern matching and real-time Internet traffic inspection for advanced cyber security and data analytics applications.
Its core technology, RXP, is a NI acceleration engine that can offload regular expressions, free up central processing units and deliver faster throughput for customers.
The product will complement Mellanox’s high performance BlueField intelligence processing device, which includes line-rate network, storage and crypto accelerators at speeds of up to 200 gigabytes per second.
Titan is backed by several private investors such as Invest NI, Techstart NI and Qubis.
Eyal Waldman, president of Mellanox, said: “Our customers will benefit from the deep analytics and enhanced security that will be delivered by the integration of our best-in-class ethernet and infiniband products and world-leading deep packet inspection and analytics technologies from Titan.”
Noel McKenna, chief executive of the target, noted: “Now as part of Mellanox, we will be able to achieve new capabilities for cyber intelligence, intrusion detection and protection, and advanced data analytics applications.”
The deal comes during a busy time for the purchaser: in January this year, NVIDIA bought the Israel-based company for USD 6.90 billion.
Formed in 1999, Mellanox is billed as a leading supplier of end-to-end ethernet and infiniband intelligent interconnect services for servers, storage and hyper-converged infrastructure.
During the financial year ended 31st December 2019, the group posted revenue of USD 1.33 billion, up 22.0 per cent from USD 1.09 billion in the preceding 12 months.
Within the same timeframe, Mellanox generated gross profit of USD 866.45 million (FY 2018: USD 700.17 million).
© Zephus Ltd