Wednesday, May 15, 2013

Kotura Acquired By Mellanox

Monterey Park-based Kotura, the developer of silicon photonics and optical interconnection technology, has been acquired by Mellanox, the companies announced Wednesday. The deal was worth $82M in cash. The two companies said the deal is expected to close in the second half of the year, and will help Mellanox bolster its ability to deliver cost-effective, high-speed networks with next generation optical connectivity. Mellanox--which is based in Israel--said it expects that it will establish its first, R&D center in the United States, at Kotura's current location. Kotura was venture backed by ARCH Venture Partners, GF Private Equity Group, Rockley Ventures, and Viterbi Group. Kotura was founded in 2004.