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LinuxDevices.com: Intel acquires CompactPCI originator Ziatech for $240M

Aug 15, 2000, 00:55 (0 Talkback[s])


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[ Thanks to LinuxDevices.com for this link. ]

"Intel Corporation today announced it has entered into a definitive agreement to acquire privately held Ziatech Corporation in a cash transaction valued at approximately $240 million. The acquisition enhances Intel's presence in the rapidly growing market segment for communications infrastructure products."

"Based in San Luis Obispo, Calif., Ziatech designs and markets a full range of Intel Architecture-based circuit boards, hardware platforms and development systems. Ziatech products are primarily sold to telecommunication equipment manufacturers who require flexible and highly reliable equipment for their communications products."

"Our customers require advanced components to build extremely reliable and fast networking and communications gear," said John Miner, vice president and general manager, Intel's Communications Products Group. "Intel will help telecommunication providers meet their customers' rigorous networking requirements by incorporating Ziatech's lineup of Intel Architecture-based computing building blocks into our current portfolio of communications products."

Press Release