Rochester,NY 8/5/2009 10:39:29 PM
Mellanox Technologies, Ltd., MLNX - Mellanox is buying CopperGate, home networking co
Mellanox Technologies, Ltd.
A cash and shares are likely at a company value of $150-200 million for CopperGate.Batya Feldman and Shmulik Shelah4 Aug 09 18:36 Sources inform ''Globes'' that InfiniBand developer Mellanox Technologies Ltd. acquires CopperGate Communications Ltd. the home networking solutions provider, at a company value of $150-200 million in cash and shares. The deal is due to be closed over the coming month.
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The tales of two Israeli high-tech have similar beginnings. The executives of both companies know each other well, both companies were founded around the same time, and both won "Globes" titles as promising start-ups: Mellanox in 2005 and CopperGate in 2007.
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