Granulate’s autonomous optimization software
helps drive greater performance and ROI in the cloud and data
center.
Intel Corporation today announced an agreement to acquire
Granulate Cloud Solutions Ltd., an Israel-based developer of
real-time continuous optimization software. The acquisition of
Granulate will help cloud and data center customers maximize
compute workload performance and reduce infrastructure and cloud
costs. Deal terms are not being disclosed.
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Intel Corporation on March 31, 2022,
announced an agreement to acquire Granulate Cloud Solutions Ltd.,
an Israel-based developer of real-time continuous optimization
software. (Credit: Intel Corporation)
“Today’s cloud and data center customers demand scalable,
high-performance software to make the most of their hardware
deployments,” said Sandra Rivera, executive vice president and
general manager of the Datacenter and AI Group at Intel.
“Granulate’s cutting-edge autonomous optimization software can be
applied to production workloads without requiring the customer to
make changes to its code, driving optimized hardware and software
value for every cloud and data center customer.”
Greg Lavender, chief technology officer, senior vice president
and general manager of the Software and Advanced Technology Group
at Intel, said: “We are building our portfolio of software
optimization tools that offer flexible and scalable capabilities
that allow us to meet the growing demand of the ubiquitous compute
era. Granulate’s innovative approach to real-time optimization
software complements Intel’s existing capabilities by helping
customers realize performance gains, cloud cost reductions and
continual workload learning.”
While cloud computing and microservices have created a new era
of flexibility in distributed applications and deployment
scalability, modern architectures have introduced more complex
performance issues that are not easily managed by traditional
operating systems and runtimes. Additionally, customers often
deploy older Linux distributions and application libraries that are
not up to date with the latest advancements in today’s
high-performance CPUs. Intel is committed to helping its customers
ensure they are right-sizing their compute clusters, instance types
and cloud deployments.
Granulate’s autonomous optimization service solves these issues
by reducing CPU utilization and application latencies. It does this
by learning the customer’s application and deploying a customized
set of continuous optimizations at runtime. This enables deployment
on smaller compute clusters and instance types to improve
application performance and drive down cloud and data center costs.
Granulate’s service does not require developer intervention nor
does it require the customer to make changes to its own code.
Optimizations for the latest CPUs can be applied even on legacy
Linux distributions and runtimes.
Granulate’s autonomous optimization service enables cloud and
data center customers to significantly improve the performance of
their deployments, reduce operational overhead and lower
application costs.
“Together with Intel, we believe we can help customers achieve
meaningful cost reductions and five times the throughput across
workloads,” said Asaf Ezra, co-founder and CEO of Granulate. “As a
part of Intel, Granulate will be able to deliver autonomous
optimization capabilities to even more customers globally and
rapidly expand its offering with the help of Intel’s 19,000
software engineers.”
Intel and Granulate’s relationship began in late 2019, when
Granulate was part of the first graduating class of Intel® Ignite,
the startup accelerator program that taps into Intel’s resources to
help early-stage companies succeed. Over the past year, Intel and
Granulate have worked together under a commercial agreement to
collaborate on workload optimization on Xeon deployments. This
collaboration resulted in gains in performance and decreases in
costs for customers running on Intel processors. With the
acquisition of Granulate, Intel will rapidly scale Granulate’s
optimization software, including across Intel’s data center
portfolio. Intel is investing in growth opportunities enabled by
software, including disruptive end-to-end artificial intelligence
and security platforms, services, and APIs.
Transaction Details and Timing
The transaction is expected to close in the second quarter of
2022, subject to typical closing conditions. At that time,
Granulate’s approximately 120 employees will be integrated into
Intel’s Datacenter and AI business unit.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
Forward-Looking Statements
This document contains certain forward-looking statements within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995, Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, related to the
proposed transaction between Intel and Granulate, including
statements regarding the benefits and the timing of the
transaction, statements regarding the companies’ products and
markets and any statements other than statements of historical
fact. Words such as “anticipate,” “believe,” “could,” “estimate,”
“expect,” “forecast,” “intend,” “likely,” “may,” “plan,”
“potential,” “project,” “predict,” “seek,” “should,” “target,”
“would” and “will” and variations of such words and similar
expressions are intended to identify such forward-looking
statements. Such statements are based on management’s expectations
as of the date they were first made and involve risks and
uncertainties that could cause our actual results to differ
materially from those expressed or implied in our forward-looking
statements. Such risks and uncertainties include, among others, the
risk that the transaction may not be completed in a timely manner
or at all, which may adversely affect the companies’ businesses and
the price of Intel’s securities; uncertainties as to the timing of
the consummation of the transaction and the potential failure to
satisfy the conditions to the consummation of the transaction,
including the receipt of certain governmental and regulatory
approvals; the occurrence of any event, change or other
circumstance that could give rise to the termination of the
transaction agreement; the effect of the announcement or pendency
of the transaction on Intel’s business relationships, operating
results and business generally; delays, disruptions or increased
costs in the integration of Granulate’s technology into existing or
new products; expected benefits, including financial benefits, of
the transaction may not be realized; integration of the acquisition
post-closing and the combined companies’ ability to achieve the
growth prospects and synergies expected from the transaction may
not occur as anticipated, as well as delays, challenges and
expenses associated with integrating the combined companies’
existing businesses may incur; litigation related to the
transaction or otherwise; undisclosed liabilities may be assumed;
attempts to retain key personnel and customers may not succeed;
risks related to diverting management’s attention from Intel’s
ongoing business operations; exposure to inflation, currency rate
and interest rate fluctuations and risks associated with doing
business locally and internationally, as well as fluctuations in
the market price of Intel’s traded securities; the impact of the
COVID-19 pandemic on Intel’s and Granulate’s business and general
economic conditions; demands in Granulate’s customer end markets
and for Granulate’s services and/or products that exceed
Granulate’s capacity; ongoing or potential litigations or disputes,
incidental to the conduct of Granulate's ongoing business, with
customers, suppliers, landlords or other third parties; the
acquisition or the combined company’s products may not be supported
by third parties; actions by competitors may negatively impact
results; potential adverse reactions or changes to business
relationships resulting from the announcement or completion of the
transaction; potential negative changes in general economic
conditions in the regions or the industries in which Intel and
Granulate operate; geopolitical risks, such as the conflict between
Russia and Ukraine, and related sanctions; and other risks detailed
in Intel’s filings with the Securities and Exchange Commission (the
“SEC”), including those discussed in Intel’s most recent Annual
Report on Form 10-K and in any subsequent periodic reports on Form
10-Q and Form 8-K, each of which is on file with or furnished to
the SEC and available at the SEC’s website at www.sec.gov. Copies
of these filings are also available on Intel’s Investor Relations
website at www.intc.com. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of their dates. Unless otherwise required by applicable law, Intel
undertakes no obligation and does not intend to update these
forward-looking statements, whether as a result of new information,
future events or otherwise.
© Intel Corporation. Intel, the Intel logo and other Intel marks
are trademarks of Intel Corporation or its subsidiaries. Other
names and brands may be claimed as the property of others.
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Penelope Bruce Media Relations 408-893-0601
Penelope.Bruce@intel.com
Kenji Morita Investor Relations 408-765-7700
Kenji.Morita@intel.com
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