businesswire | July 21, 2023
Cadence Design Systems, Inc. (Nasdaq: CDNS) and Rambus Inc. (Nasdaq: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that they have entered into a definitive agreement for Cadence to acquire the Rambus SerDes and memory interface PHY IP business. Rambus will retain its digital IP business, including memory and interface controllers and security IP. The expected technology asset purchase also brings Cadence proven and experienced PHY engineering teams in the United States, India and Canada, further expanding Cadence’s domain-rich talent base.
“Memory and SerDes IP design and integration continues to be integral to the design of AI, data center and hyperscale applications, CPU architectures and networking devices, and the addition of the Rambus IP and seasoned team further accelerates Cadence’s Intelligent System Design strategy, which drives design excellence,” said Boyd Phelps, senior vice president and general manager of the IP Group at Cadence. “The acquisition of the Rambus PHY IP broadens Cadence’s well-established enterprise IP portfolio and expands its reach across geographies and vertical markets, such as the aerospace and defense market, providing complete subsystem solutions that meet the demands of our worldwide customers.”
“The accelerating momentum of AI and continued growth in the data center is driving ever-increasing demand for memory and security,” said Sean Fan, senior vice president and chief operating officer at Rambus. “With this transaction, we will increase our focus on market-leading digital IP and chips and expand our roadmap of novel memory solutions to support the continued evolution of the data center and AI.”
The transaction is expected to be immaterial to revenue and earnings this year for each company. It is expected to close in the third calendar quarter of 2023, subject to certain closing conditions.
Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design™ strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence® customers are the world’s most innovative companies, delivering extraordinary products from chips to boards to complete systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare. For nine years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at www.cadence.com.
Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With over 30 years of advanced semiconductor experience, we are a pioneer in high-performance memory subsystems that solve the bottleneck between memory and processing for data-intensive systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications depend on data throughput and integrity. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world’s data needs and drive ever-greater end-user experiences. For more information, visit rambus.com.
GlobeNewswire | September 14, 2023
Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, and member of the Oracle PartnerNetwork (OPN), today announced an agreement to serve as Oracle’s Public Sector aggregator, making the company’s complete cloud and applications portfolio for Government, Defense, Intelligence and Education available through Carahsoft’s reseller partners, NASA Solutions for Enterprise-Wide Procurement (SEWP) V and GSA Schedule contracts.
Oracle offers a diverse set of solutions, ranging from cloud infrastructure, software-as-a-service (SaaS) applications, hardware, and construction and engineering technology. Across these capabilities, Oracle enables the connectivity of project teams, empowerment of decision makers through data, and simplification of multicloud deployment across agencies. The partnership can help accelerate IT infrastructure modernization, and help improve innovation with secure, cost-effective, and FedRAMP-compliant cloud infrastructure.
Oracle’s cloud infrastructure and applications offerings provide customers with a variety of solutions, including:
Oracle Cloud Infrastructure (OCI) enables customers to build and run a wide range of applications in a scalable, secure, highly available, and high-performance environment. From application development and business analytics to data management, integration, AI, and cloud-native services, OCI delivers high security, performance, and cost savings. In addition, with multicloud, hybrid cloud, public cloud, and dedicated cloud options, OCI’s distributed cloud delivers the benefits of cloud with greater control over data residency, locality, and authority, even across multiple clouds.
Oracle Fusion Cloud Applications Suite enables organizations to take advantage of the cloud to break down organizational silos, standardize processes, and manage financial, supply chain, HR, and customer experience data on a secure integrated SaaS platform.
Oracle Construction and Engineering’s Smart Construction Platform helps teams work together, turn data into intelligence, and coordinate resources for smooth project planning, delivery, and operations.
“As the Public Sector continues to prioritize modernization and adoption of a multicloud model, Oracle is focused on interoperability and ideally positioned to help government customers innovate faster to better support their missions,” said Kyle Clement, Senior Manager, NACT Government Alliances and Channels, Oracle. “We are excited to partner with Carahsoft to bring Oracle solutions to more Public Sector customers and to continue to drive success for government agencies and the citizens they serve.”
Carahsoft will serve as the aggregator for the partnership, enabling Oracle to access Carahsoft’s portfolio of contract vehicles and extensive Public Sector ecosystem of channel partners. The Carahsoft team has significant expertise in partnering with the Public Sector to advance multi-cloud strategies while ensuring ease of procurement.
“We are excited to leverage our dedicated sales and marketing teams in support of this new partnership with Oracle,” said Lacey Wean, Sales Director who leads the Oracle Team at Carahsoft. “By including Oracle on our contract vehicles, Carahsoft and our partners are able to expand the reach of their solutions for cloud, cybersecurity, data management and more to Government agencies.”
Oracle's solutions are available through Carahsoft’s SEWP V contracts NNG15SC03B and Carahsoft’s GSA Schedule No. 47QSWA18D008F. For more information about the offerings available through this new partnership, visit https://www.carahsoft.com/oracle. To request a demo or speak to a representative, contact the contact the Oracle team at Carahsoft at (855) 618-3114 or Oracle@carahsoft.com.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle’s partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork
Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Geospatial, Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at www.carahsoft.com.
Application Infrastructure, Windows Server OS
businesswire | August 07, 2023
Palisade Infrastructure (“Palisade”) and Consolidated Communications, Inc. (“Consolidated”) have entered into an agreement whereby Palisade, on behalf of its managed funds, will acquire Consolidated’s assets in Washington state.
The transaction includes Consolidated’s incumbent networks in Ellensburg and Yelm comprising a mixture of fiber-to-the-home and DSL technologies. Palisade intends to accelerate the build out of the fiber network in these markets, providing high speed, low latency connectivity to households and businesses.
This is Palisade’s second broadband investment in Washington State following the announcement of the transaction to acquire Rainier Connect in December 2022. Palisade aims to develop a regional platform for fiber and high-speed broadband connectivity by investing in these markets to benefit all stakeholders including employees, customers and communities.
Mike Reynolds, managing director at Palisade Infrastructure said, “We are excited to expand our fiber broadband platform in Washington State, in attractive markets that are in proximity to the Rainier Connect network. We look forward to continuing to grow the platform in the future.”
This represents Palisade’s fourth transaction in North America and follows the closing of its investment in the PureSky Energy community solar platform in June 2023. Palisade is planning to launch a new fund focused on investing in digital connectivity and the energy transition later this year.
Houlihan Lokey served as exclusive financial advisor and Morgan, Lewis & Bockius LLP served as legal counsel to Palisade. Lazard served as the exclusive financial advisor to Consolidated Communications on the transaction.
The transaction remains subject to federal, state and local regulatory approvals and customary closing conditions.
About Palisade Infrastructure
Palisade Infrastructure forms part of the Palisade Group, a global independent, specialist infrastructure and real assets manager. Palisade Group has 30 active investments in its portfolio covering a broad range of sectors. Palisade Infrastructure’s North American capability focuses on the energy transition, digitization and transport infrastructure sectors. Palisade Infrastructure has a partnership-focused approach with a long-term investment horizon. For more information visit palisadegroup.com.
About Consolidated Communications
Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) is dedicated to moving people, businesses and communities forward by delivering the most reliable fiber communications solutions. Consumers, businesses and wireless and wireline carriers depend on Consolidated for a wide range of high-speed internet, data, phone, security, cloud and wholesale carrier solutions. With a network spanning more than 57,500 fiber route miles, Consolidated is a top 10 U.S. fiber provider, turning technology into solutions that are backed by exceptional customer support.