Intel to Buy Optimization Software Business Granulate Cloud
March 31 2022 - 8:11AM
Dow Jones News
By Will Feuer
Intel Corp. said it is buying Israel-based developer and
optimization software company Granulate Cloud Solutions Ltd. for an
undisclosed sum.
Intel said the deal will help its cloud and data center
customers maximize compute workload performance and reduce
infrastructure and cloud costs.
In 2019, Granulate graduated from Intel Ignite, the company's
startup accelerator program.
The deal is expected to close in the second quarter of 2022, and
Granulate's roughly 120 employees will join Intel's Datacenter and
AI business unit.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
March 31, 2022 08:56 ET (12:56 GMT)
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