Intel shells out $500M for Ipivot

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Intel shells out $500M for Ipivot

Intel will acquire networking manufacturer IPivot for about $500 million in cash.

Intel said the buyout is aimed at helping its customers manage high volume Web traffic and electronic commerce sites.

IPivot designs and manufactures “Internet commerce equipment,” a class of devices targeted at improving the performance of “server farms” – the computer banks that major Web sites use to manage millions of site visitors.

The IPivot deal marks Intel’s eighth communications-related acquisition this year.

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