Metamako Buys xCelor’s Hardware Ops to Grow Switch Business
Officials say the deal will allow xCelor to focus on its network applications business, while Metamako will take over the provision of underlying switching technology, expanding its own FPGA switch business. Wei-Shen Wong reports.
Officials say the acquisition—Metamako’s first since its launch in 2013—will see it focus on devices and core applications for a range of uses or as part of more complex solutions, while xCelor will focus on its applications business, which offer feed handling and bandwidth management solutions.
The deal will also see xCelor leverage Metamako’s platforms—including those components acquired from xCelor—to run its trading applications in the future. “With Metamako providing a stable and flexible
More on Management & Strategy
Waters Wavelength
Wavelength Podcast Episode 165: Roman Ginis on Trade Execution
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.
Subscribe to Weekly Wrap emails
Most read
- Waters Rankings 2019: All the Winners
- Mizuho Finds New Ways to “Activate” its Data Using AI
- Barclays Nearly Finished with First Major Quantum Computing Experiment
- The AI Ethics Dilemma: Banks Find a Fine Line Between New Tech and 'What's Right'
- Finra to Expand Use of Machine Learning for Market Surveillance
Back to Top