Intel plans to acquire Barefoot Networks, a data center networking company that makes programmable processors as well as Ethernet switches and software.
Terms of the deal were not disclosed, but is expected to close in the third quarter of the year, pending the usual regulatory hurdles.
Founded in 2013, Barefoot previously raised $155 million in funding from companies including Google, Alibaba, Tencent Holdings, Hewlett Packard Enterprise, Goldman Sachs and Dell.
Barefoot claims that its unique selling point is that its proprietary Tofino processors can be programmed right on the chip itself, whereas competitors Cisco and Broadcom usually just allow users to install new applications onto the processor. This allows Barefoot users to customize network architecture for specific functions.
Navin Shenoy, executive vice president of Intel’s data center group, said in a blog post: "Upon close, the addition of Barefoot Networks will support our focus on end-to-end cloud networking and infrastructure leadership, and will allow Intel to continue to deliver on new workloads, experiences and capabilities for our data center customers.”