LinuxDevices.com: Intel acquires CompactPCI originator Ziatech for $240M
Aug 15, 2000, 00:55 (0 Talkback[s])
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"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
"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."