Showing posts with label Acquisitions. Show all posts
Showing posts with label Acquisitions. Show all posts

Friday, 21 August 2009

Ethernet switching developer Woven Systems acquired by Fortinet

Fortinet® — a market-leading network security provider and worldwide leader of unified threat management (UTM) solutions — today announced it has acquired certain assets and intellectual property of Woven Systems, formerly a provider of Ethernet fabric switching solutions for the high-performance computing market. Woven’s high-speed switching and sophisticated traffic management technology will be used to further enhance the performance of Fortinet’s FortiGate®-5000 Series chassis-based security solutions.
Among Woven’s family of Ethernet switching products is one of the world’s smallest, densest and highest-performing 10 GbE switches, which attributes its speed to a custom-designed switching ASIC with unique traffic management capabilities. Fortinet intends to combine Woven’s technology with its own custom network and content processors for increased scalability, which will bring about additional acceleration of security throughput for its FortiGate-5000 Series appliances. Increased switching power in the chassis-based product means communications within and between security blades will happen at greater speeds and result in overall superior scalability and performance for Fortinet’s high-end customers, including large enterprises, carriers and service providers.
“Woven’s ASIC-driven approach to high performance is highly complementary to Fortinet’s own strategy for maximizing performance through customized processors,” said Ken Xie, CEO and co-founder, Fortinet. “This acquisition will harness the performance power of our respective technologies to offer tremendous benefits to customers who require the fastest and, often, the most mission-critical network security environments.”
Fortinet intends to continue selling certain Woven products and to provide support to new and existing customers who purchase FortiCare 24×7 support contracts. Additional information on the FortiGate-5000 Series can be found at http://www.fortinet.com/products/fortigate/5000series.html.
About Fortinet (www.fortinet.com)
Fortinet is a leading provider of network security appliances and the market leader in Unified Threat Management or UTM. Fortinet solutions were built from the ground up to integrate multiple levels of security protection — including firewall, antivirus, intrusion prevention, VPN, spyware prevention and antispam — designed to help customers protect against network and content level threats. Leveraging a custom ASIC and unified interface, Fortinet solutions offer advanced security functionality that scales from remote office to chassis-based solutions with integrated management and reporting. Fortinet solutions have won multiple awards around the world and are the only security products that are certified in five programs by ICSA Labs: Firewall, Antivirus, IPSec VPN, Network IPS, and Antispam. Fortinet is based in Sunnyvale, California.

MEMS Startup Akustica acquired by Robert Bosch

Robert Bosch North America has agreed to acquire Akustica, Inc., an innovator in the application of CMOS (complementary metal oxide semiconductor) MEMS (micro electro-mechanical systems) technology in the consumer electronics market. Terms of the agreement will not be disclosed.news_0908_akustica_text
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Akustica, which was founded in 2001, is based in Pittsburgh, Pennsylvania. The company develops and sells a complete portfolio of digital and analog micro electromechanical microphones featuring CMOS MEMS technology. This innovative technology allows the integration of transducer elements and associated integrated circuits on a single silicon chip. Bosch is the world leader in MEMS sensors and, with this acquisition, further strengthens its position in this market.
“The strategic acquisition of Akustica with their outstanding application of sophisticated MEMS technology complements our growing semiconductor business and ideally complements our ongoing MEMS activities” said Dr. Stefan Kampmann, executive vice president, Bosch Automotive Electronics. “We look forward to working together with the Akustica team to continue to develop this important business area.”
To date Akustica, which developed and sold the world’s first digital MEMS microphone, has sold over five million microphones in the global market. All of the company’s 36 associates will be employed by Bosch.
According to Joseph A. Jacobson, president and chief executive officer, Akustica, Inc., “We are excited to join the market leader in MEMS sensors and be a part of Bosch’s expansion in commercialization of consumer MEMS products. The strength of our combined technology, manufacturing capability, and talent will allow us to continue delivering innovative and differentiating sensor product solutions.”

Monday, 1 June 2009

A4Vision acquired by Bioscrypt

25 Jan 2007

Bioscrypt Inc. (TSX: BYT) has agreed to acquire A4Vision Inc., a Sunnyvale, Calif.-based provider of identification systems using 3D facial imaging and recognition technology. No financial terms were disclosed. A4Vision had raised over $25 million in VC funding since its 2001 inception, from firms like MyQube, Hanna Ventures, In-Q-Tel, Motorola Ventures, Menlo Ventures, Stanford University and Sunrise Capital. www.bioscrypt.com www.a4vision.com