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New Deal


Announced

Intel to acquire Smart Edge from Pivot Technology Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Online and Social Platforms

Friendly

Canada

Majority

platform for multi-access edge computing

Pending

Private

Single Bidder

Synopsis

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Intel, a designer, manufacturer and seller of computer products and technologies, agreed to acquire the Smart Edge, a cloud-native, scalable, and secure platform for multi-access edge computing, from Pivot Technology Solutions. Financial terms were not disclosed. “This transaction enhances our ability to address the 5G network transformation with a leading position in edge computing. We plan to take full advantage of our combined technologies and teams to accelerate the development of the edge computing market while creating a compelling solution for customers,” Dan Rodriguez, Intel vice president in the Data Center Group and general manager of the Network Compute Division.

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