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Thursday 31st of March 2022 05:46:58 AM

Intel confirms acquisition of Israeli cloud service startup Granulate, terms not disclosed

Latest Consumer Technology Products On Display At Annual CES In Las Vegas David Becker/Getty Images News
  • Intel Corporation (NASDAQ:INTC) has signed an agreement to acquire Granulate Cloud Solutions, an Israel-based developer of real-time continuous optimization software.
  • The acquisition of Granulate will help cloud and data center customers maximize compute workload performance and reduce infrastructure and cloud costs.
  • Deal terms are not being disclosed.
  • The transaction is expected to close in the second quarter of 2022.
  • Upon closing, Granulate’s approximately 120 employees will join Intel’s Datacenter and AI business unit.
  • Shares +0.08% premarket.
  • Previously: Intel to buy Israeli cloud service startup Granulate for $650M (March 23)
  • Check the latest analysis on stock here.

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