High-growth Tech Firm Metamako Buys xCelor’s Hardware Business
Summary
Kevin Covington, CEO of Metamako, comments: "Since the companys launch we set out to be the global leader and reset the bar for advanced Layer 1 and FPGA-based switching technology.The deal with xCelor marks an important evolutionary inflection point on Metamakos timeline and continues our journey to become the key provider of high-performance network technology.Dr Dave Snowdon, founder and CTO of Metamako, adds: "Right from the outset our DNA has driven us to build a fundamentally better way to architect network devices, and this is the foundation of our unique technology.Deployed in some of the worlds leading exchanges, xCelors technology takes a unique approach in addressing complex trading problems in todays fast-paced markets.In a clear strategic move Metamako is making its first acquisition, strengthening its position as the premier network technology platform for companies developing and deploying high-performance applications.
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