15 May Molex acquires Clarendon portfolio company Bittware
Molex, a leading global manufacturer of electronic solutions, announced today the acquisition of BittWare, Inc., a Viridian Growth Fund portfolio company, and a global leading provider of computing systems featuring field-programmable gate arrays (FPGAs) deployed in data center compute and network packet processing applications.
“Among the foremost FPGA computing platform developers, BittWare brings an impressive breadth of board-level computing technologies, integrated systems and software expertise,” said Tim Ruff, senior vice president of Molex.
According to Mark Gilliam, president of Interconnect Systems International, a Molex company, “The acquisition expands on the capabilities of Molex and its subsidiary Nallatech to address the rising demand for FPGA-based high-performance compute and network processing solutions.”
Headquartered in Concord, NH, BittWare provides solutions based on FPGA technology from Intel (formerly Altera) and Xilinx. Many of the world’s leading companies use BittWare FPGA solutions to provide the processing power for demanding applications in compute and data center, military and aerospace, government, instrumentation and test, financial services, broadcast and video.
“FPGA-based platforms have become a strategically important driver of machine learning, artificial intelligence, cybersecurity, network acceleration, IoT, and other megatrends. As a Molex subsidiary, now working with Nallatech, I believe we will have the critical mass to bring new resources, better processes, and economies of scale to our valued customers and this rapidly growing industry as a whole,” said Jeff Milrod, president and CEO of BittWare.
BittWare commercial products turn the latest FPGA device features into reliable board-level solutions, suitable for both development and deployment in integrated servers. The company serves original equipment manufacture (OEM) customers, who value the decades of engineering experience BittWare brings to designing custom solutions and manufacturing them at scale with partners such as Benchmark Electronics. BittWare products are supported with extensive tools, FPGA IP, and in-house technical support staff.
Philpott Ball & Werner, LLC acted as BittWare’s financial advisor. Financial terms of the transaction were not disclosed.