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Israel: Cisco makes a rare Semiconductor acquisition

By  |  March 3, 2016

Cisco Systems is buying in some chip expertise that could help it in the datacenter.

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    The networking giant’s latest acquisition target is Leaba Semiconductor, a fabless semiconductor company based in Israel.

    The company is “in stealth mode,” according to its website, which indicates only that it develops semiconductors to address “significant infrastructure challenges.”

    Cisco had little more to say concerning Leaba’s field of work in its blog post about the acquisition by Rob Salvagno, head of its mergers, acquisitions and venture investment team.

    However, according to information provided by Israel’s Ministry of Economy, Leaba specializes in the design of chips for connecting memory, storage and compute in data center environments.

    The company’s software manager, Omer Sali, is a former datacenter manager, according to his LinkedIn profile, while the company’s CEO Eyal Dagan and other senior figures are former employees of semiconductor company Broadcom.

    Full content: Info World

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