Amadeus Capital Partners has announced the sale of its stake in Xelerated, a Stockholm-based network processor firm, to Marvell Technology.
Amadeus first invested in Xelerated in 2005 and has supported the company’s product development and business expansion since then. The company’s products are used in the design of Carrier Ethernet, Unified Fibre Access and Mobile Backhaul platforms.
“Xelerated’s network processors and programmable switches complement Marvell’s existing product portfolio and will allow the creation of world-leading solutions for cloud computing services, running at 100Gbit/s and beyond," said Amadeus Venture Partner Simon Cornwell, who also chairs Xelerated’s Board of Directors.
“The acquisition reflects Marvell’s ongoing commitment to network infrastructure solutions designed to enable cloud-based services," said Paul Valentine, v-p of marketing for Cloud Services and Infrastructure Business Unit at Marvell Semiconductor.
"Xelerated brings yet another level of performance and capability to Marvell’s technology, enabling customers quickly to scale their services beyond 100 Gbps while maintaining the low power, low latency and deterministic performance necessary for the reliable mobile Internet and cloud services,” said Valentine.
Financial details are not disclosed but the sale represents Amadeus’ second profitable semiconductor exit in the past 12 months, following the $367m sale of Icera to Nvidia in May 2011.
www.amadeuscapital.com
