Intel Acquires Barefoot Networks

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Photo caption: From left: Nick McKeown, co-founder, chief scientist and chairman of Barefoot Networks; Navin Shenoy, Intel executive vice president and general manager of the Data Center Group; Bob Swan, Intel chief executive officer; and Craig Barratt, Barefoot Networks chief executive officer, stand outside Barefoot Networks’ headquarters after the announcement of Intel’s acquisition of the Santa Clara, California, company on Monday, June 10, 2019. (Credit: Barefoot Networks)
Photo caption: From left: Nick McKeown, co-founder, chief scientist and chairman of Barefoot Networks; Navin Shenoy, Intel executive vice president and general manager of the Data Center Group; Bob Swan, Intel chief executive officer; and Craig Barratt, Barefoot Networks chief executive officer, stand outside Barefoot Networks’ headquarters after the announcement of Intel’s acquisition of the Santa Clara, California, company on Monday, June 10, 2019. (Credit: Barefoot Networks)

Intel (NASDAQ:INTC) is to acquire Barefoot Networks, a Santa Clara, California-based leader in Ethernet switch silicon and software for use in the data center.

The amount of the deal – which is expected to close in the third quarter of 2019 – was not disclosed.

Upon close, the addition of Barefoot will support Intel’s focus on end-to-end cloud networking and infrastructure leadership, and will allow the company to continue to deliver on new workloads, experiences and capabilities for its data center customers.

Launched in 2016 and led by Craig Barratt, CEO Barefoot Networks is a provider of Ethernet switch silicon and software for use in the data center, specializing in the programmability and flexibility necessary to meet the performance needs of the hyperscale cloud.
It will add deep expertise in cloud network architectures, P4-programmable high-speed data paths, switch silicon development, P4 compilers, driver software, network telemetry and computational networking.

The company was backed by Google Inc., Goldman Sachs Principal Strategic Investments, Alibaba, Tencent, and by premier venture capital firms Sequoia Capital, Lightspeed Venture Partners, and Andreessen Horowitz.

FinSMEs

11/06/2019

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