Kalray Enters into Exclusive Negotiations for the Acquisition of Arcapix Holdings Ltd

January 21, 2022

GRENOBLE, France, Jan. 21, 2022 — Kalray, a leading provider in the new generation of processors and acceleration cards specialized in Intelligent Data Processing from Cloud to Edge, has announced that it has entered into exclusive negotiations for the acquisition of 100% of the shares of Arcapix Holdings Ltd, a leading provider of software-defined storage and data management solutions for data-intensive applications.

This is a strategic transaction that would:

  • Strengthen Kalray’s position as a key player in the fast-growing storage and intelligent data processing market;
  • Accelerate the market penetration of Kalray’s acceleration cards and storage solutions;
  • Give Kalray access to a broad customer base, world’s leading organizations and strategic resellers such as Dell Technologies – operating within Kalray’s core markets (Media & Entertainment, HPC, AI, life sciences, and others);
  • Complement Kalray’s customer propositions and skillset and produce cross-selling opportunities for Kalray’s Flashbox All-Flash-Array and K200-LP acceleration cards;
  • Represent a change of dimension for Kalray (+ >50 R&D, sales and support professionals in the UK and US;
  • Add a profitable business, Arcapix is expected to positively impact Kalray’s top and bottom line.

The contemplated transaction would be payable mainly in shares. A shareholder of KALRAY with 1% of Kalray’s capital would hold a participation that could reach 0.93% after completion of the transaction[1].

Eric Baissus, President and CEO of Kalray said: “I am delighted at the prospect of this acquisition that will accelerate our go-to-market and strengthen our key position in the data-intensive storage market. It is perfectly aligned with Kalray’s development strategy and ambition, complimenting our products, team, expertise and markets. With this acquisition, we would gain new clients and strategic partners to propel our business forward. We have been impressed by the two founders, Ben, Barry and their team and by what they have managed to achieve in the last few years. I am looking forward to working closely with them to achieve our ambition to become a leading provider of solutions for a more intelligent, effective and user-friendly data-driven world.”

Ben Leaver, Arcapix’ co-founder and CEO said: “We are excited at the prospect of joining the Kalray family. We have come to trust and respect its leadership, and we have high hopes about its ambitious vision and breakthrough technology.

We believe that together we can build and deliver superior products with compelling value to our customers. As data increasingly shapes the modern business, managing it becomes ever more critical and faces growing demands for performance, scalability, and flexibility. We have a proven track record in meeting such demands. Together with Kalray, we will be able to move to the next level, both technologically and commercially.”

Arcapix, a Leading Provider of Software-Defined Storage Solutions for Data-Intensive Applications

Arcapix Holdings Ltd (“Arcapix”) is a UK Head Quartered company that offers high-performance storage and data management solutions for intensive and critical data.

Arcapix was founded in 2013 by Ben Leaver and Barry Evans. It operates under the brands pixitmedia and arcastream, that serve the highly-demanding storage verticals of Media & Entertainment, AI, Life Sciences, Engineering and Scientific Research. These industries are among the fastest-growing storage segments with a CAGR estimate of over 20% for the next five years[2].

Arcapix’s products are trusted by some of the world’s leading organizations within their field. Some have being publicly announced such as Framestore, Red Bee Media, and Imperial College London. Arcapix’s products are sold directly or through strategic reseller partners such as Dell Technologies.

Arcapix reported a positive EBITDA[3] and achieved an annual turnover of approximately € 7 million during its last fiscal year (as of March 2021)[4].

A Shared Vision and a Complementary Value Proposition to Address Today’s and Tomorrow’s Data-Intensive World

As technologies such as AI (Artificial Intelligence), 5G, video streaming, and analytics proliferate and produce massive amounts of data, there is a growing need for fast, flexible, ubiquitous and cost-effective storage solutions to handle this deluge. It creates tremendous market opportunities for companies that can combine innovations in both software and hardware to create new ways to generate, analyze, manage and deploy data.

Arcapix has developed a unique high-performance software storage solution. It combines flash, disk, tape, and cloud storage into a multi-protocol, unified system. It’s ultra-fast, limitlessly scalable, easily manageable, and far more cost-effective than alternative solutions. It also allows customers to transparently manage their data from anywhere, in a single name-space. This capability is critical as boundaries between cloud, edge, and on-premise locations become increasingly blurred.

Kalray provides high compute, low power, fully programmable acceleration cards based on its unique patented family of data processors (DPU). Last year, Kalray announced the commercial availability of its new storage acceleration card, the K200-LP that targets the data-intensive storage market. Kalray recently announced the availability of a leading-edge NVME storage array, the Flashbox. Co-developed with Viking Enterprise Solutions, a division of Sanmina Corporation, Flashbox is a unique solution with significant performance and cost advantages to customers switching to NVMe storage.

By offering its acceleration cards with Arcapix’s software products, Kalray will deliver all the building blocks needed for the next generation of intelligent data appliances and infrastructures.

A Substantial Acceleration of Kalray’s Growth Expected as Soon as 2022

This contemplated acquisition fits perfectly with Kalray’s ambition to scale up very significantly its business, accelerate its go-to-market plans and expand cross selling opportunities.

– With this contemplated acquisition, Kalray would start a solid change in dimension. As of today, the Arcapix team includes more than 50 employees, including experts in storage solutions and data-intensive applications. The team includes a sales and support force of more than 30 people worldwide.

– This contemplated acquisition would give access to new markets opportunities for Kalray, in three of the most demanding and exciting data-intensive industries – Media, AI & Scientific Research.

– With this contemplated acquisition, Kalray would also have access to Arcapix’s broad customer portfolio and its set of strategic resellers including Dell Technologies. Arcapix will continue serving its existing customers through its current product portfolio while integrating Kalray’s NVMe acceleration cards and Kalray Flashbox into its solutions.

Contemplated Consideration

Kalray is contemplating acquiring 100% of the capital of Arcapix Holdings Ltd shares for a maximum amount of 464 770 Kalray’s shares[5] and € 0.9 million paid in cash subject to closing adjustments. By way of illustration, a shareholder holding 1.00% of Kalray’s current share capital before the completion of the contemplated acquisition would hold a participation of 0.93% if all the above mentioned Kalray shares were eventually issued to the sellers.

The signing of the definitive documentation, which would be announced by a press release, is expected to take place in the first quarter of 2022, after consultation with Kalray’s works council (comité social et économique) and subject to the final agreement of the parties on the terms of the transaction. Financial audit has already been carried out and legal audit is ongoing. The completion of the transaction would be subject to customary conditions and the approval of the shareholders’ general meeting of Kalray. Kalray will keep the market updated of the next steps.

The vote of the Shareholders’ Meeting will focus in particular on the resolution necessary for the implementation of this acquisition project and in particular the issuance of shares necessary for its realization.

The report of the contribution auditor will be made available to shareholders prior to the holding of the General Meeting.

Notes

[1] The completion of the transaction would be subject to customary conditions and the approval of the shareholders’ general meeting of Kalray.
[2] Allied Market Research, 2021.
[3] EBITDA: Earnings before interests, taxes, depreciation, and amortization.
[4] unaudited data.
[5] At closing, 73,384 shares would be issued to the sellers and the balance of the purchase price of up to 391 386 additional shares will be paid in several deferred installments over 3 years depending on the presence of the founders and completion of performance objective. The price per Kalray share that would be used in the acquisition would be equal to € 36.12 (the volume-weighted average price of the shares of Kalray over the 180-trading-day period immediately preceding the signature of the non-binding tem sheet related to the contemplated transaction).

About Kalray

Kalray (Euronext Growth Paris – FR0010722819 – ALKAL) is a fabless semiconductor company, leading provider in a new generation of processors specialized in Intelligent Data Processing from Cloud to Edge. Kalray MPPA Intelligent Processors are able to capture and analyze on the fly massive data flows, and interact in real time with the outside world. These processors are capable of running demanding AI algorithms and simultaneously a wide set of different processing and control tasks such as intensive mathematical algorithms, signal processing, network or storage software stacks. Kalray’s Intelligent Processors can be deployed in fast-growing sectors from Cloud to Edge: modern data centers, 5G telecom networks, autonomous vehicles, healthcare equipment, industry 4.0, drones and robots… Kalray’s offering includes processors, acceleration cards and a software suite, for a broad spectrum of customers such as next generation data center equipment manufacturers and service providers, system integrators and consumer product manufacturers such as car makers. Founded in 2008 as a spin-off of CEA French lab, Kalray counts among its investors: Alliance Venture (Renault-Nissan-Mitsubishi), Safran, NXP Semiconductors, CEA and Bpifrance. Read more at: www.kalrayinc.com.


Source: Kalray

Subscribe to HPCwire's Weekly Update!

Be the most informed person in the room! Stay ahead of the tech trends with industy updates delivered to you every week!

Hyperion Study Tracks Rise and Impact of Linux Supercomputers

May 17, 2022

That supercomputers produce impactful, lasting value is a basic tenet among the HPC community. To make the point more formally, Hyperion Research has issued a new report, The Economic and Societal Benefits of Linux Super Read more…

ECP Director Doug Kothe Named ORNL Associate Laboratory Director

May 16, 2022

The Department of Energy's Oak Ridge National Laboratory (ORNL) has selected Doug Kothe to be the next Associate Laboratory Director for its Computing and Computational Sciences Directorate (CCSD), HPCwire has learned. K Read more…

Google Cloud’s New TPU v4 ML Hub Packs 9 Exaflops of AI

May 16, 2022

Almost exactly a year ago, Google launched its Tensor Processing Unit (TPU) v4 chips at Google I/O 2021, promising twice the performance compared to the TPU v3. At the time, Google CEO Sundar Pichai said that Google’s datacenters would “soon have dozens of TPU v4 Pods, many of which will be... Read more…

Q&A with Candace Culhane, SC22 General Chair and an HPCwire Person to Watch in 2022

May 14, 2022

HPCwire is pleased to present our interview with SC22 General Chair Candace Culhane, program/project director at Los Alamos National Lab and an HPCwire 2022 Person to Watch. In this exclusive Q&A, Culhane covers her Read more…

Argonne Supercomputer Advances Energy Storage Research

May 13, 2022

The lack of large-scale energy storage bottlenecks many sources of renewable energy, such as sunlight-reliant solar power and unpredictable wind power. Researchers from Lawrence Livermore National Laboratory (LLNL) are w Read more…

AWS Solution Channel

shutterstock 1103121086

Encoding workflow dependencies in AWS Batch

Most users of HPC or Batch systems need to analyze data with multiple operations to get meaningful results. That’s really driven by the nature of scientific research or engineering processes – it’s rare that a single task generates the insight you need. Read more…

Supercomputing an Image of Our Galaxy’s Supermassive Black Hole

May 13, 2022

A supermassive black hole called Sagittarius A* (yes, the asterisk is part of it!) sits at the center of the Milky Way. Now, for the first time, we can see it. The resulting direct image of Sagittarius A*, revealed this Read more…

Google Cloud’s New TPU v4 ML Hub Packs 9 Exaflops of AI

May 16, 2022

Almost exactly a year ago, Google launched its Tensor Processing Unit (TPU) v4 chips at Google I/O 2021, promising twice the performance compared to the TPU v3. At the time, Google CEO Sundar Pichai said that Google’s datacenters would “soon have dozens of TPU v4 Pods, many of which will be... Read more…

Q&A with Candace Culhane, SC22 General Chair and an HPCwire Person to Watch in 2022

May 14, 2022

HPCwire is pleased to present our interview with SC22 General Chair Candace Culhane, program/project director at Los Alamos National Lab and an HPCwire 2022 Per Read more…

Supercomputing an Image of Our Galaxy’s Supermassive Black Hole

May 13, 2022

A supermassive black hole called Sagittarius A* (yes, the asterisk is part of it!) sits at the center of the Milky Way. Now, for the first time, we can see it. Read more…

Royalty-free stock illustration ID: 1919750255

Intel Says UCIe to Outpace PCIe in Speed Race

May 11, 2022

Intel has shared more details on a new interconnect that is the foundation of the company’s long-term plan for x86, Arm and RISC-V architectures to co-exist in a single chip package. The semiconductor company is taking a modular approach to chip design with the option for customers to cram computing blocks such as CPUs, GPUs and AI accelerators inside a single chip package. Read more…

Intel Extends IPU Roadmap Through 2026

May 10, 2022

Intel is extending its roadmap for infrastructure processors through 2026, the company said at its Vision conference being held in Grapevine, Texas. The company's IPUs (infrastructure processing units) are megachips that are designed to improve datacenter efficiency by offloading functions such as networking control, storage management and security that were traditionally... Read more…

Exascale Watch: Aurora Installation Underway, Now Open for Reservations

May 10, 2022

Installation has begun on the Aurora supercomputer, Rick Stevens (associate director of Argonne National Laboratory) revealed today during the Intel Vision event keynote taking place in Dallas, Texas, and online. Joining Intel exec Raja Koduri on stage, Stevens confirmed that the Aurora build is underway – a major development for a system that is projected to deliver more... Read more…

Intel’s Habana Labs Unveils Gaudi2, Greco AI Processors

May 10, 2022

At the hybrid Intel Vision event today, Intel’s Habana Labs team launched two major new products: Gaudi2, the second generation of the Gaudi deep learning training processor; and Greco, the successor to the Goya deep learning inference processor. Intel says that the processors offer significant speedups relative to their predecessors and the... Read more…

IBM Unveils Expanded Quantum Roadmap; Talks Up ‘Quantum-Centric Supercomputer’

May 10, 2022

IBM today issued an extensive and detailed expansion of its Quantum Roadmap that calls for developing a new 1386-qubit processor – Kookaburra – built from modularly scaled chips, and delivering a 4,158-qubit POC system built using three connected Kookaburra processors by 2025. Kookaburra (Australian Kingfisher) is a new architecture... Read more…

Nvidia R&D Chief on How AI is Improving Chip Design

April 18, 2022

Getting a glimpse into Nvidia’s R&D has become a regular feature of the spring GTC conference with Bill Dally, chief scientist and senior vice president of research, providing an overview of Nvidia’s R&D organization and a few details on current priorities. This year, Dally focused mostly on AI tools that Nvidia is both developing and using in-house to improve... Read more…

Royalty-free stock illustration ID: 1919750255

Intel Says UCIe to Outpace PCIe in Speed Race

May 11, 2022

Intel has shared more details on a new interconnect that is the foundation of the company’s long-term plan for x86, Arm and RISC-V architectures to co-exist in a single chip package. The semiconductor company is taking a modular approach to chip design with the option for customers to cram computing blocks such as CPUs, GPUs and AI accelerators inside a single chip package. Read more…

Facebook Parent Meta’s New AI Supercomputer Will Be ‘World’s Fastest’

January 24, 2022

Fresh off its rebrand last October, Meta (née Facebook) is putting muscle behind its vision of a metaversal future with a massive new AI supercomputer called the AI Research SuperCluster (RSC). Meta says that RSC will be used to help build new AI models, develop augmented reality tools, seamlessly analyze multimedia data and more. The supercomputer’s... Read more…

AMD/Xilinx Takes Aim at Nvidia with Improved VCK5000 Inferencing Card

March 8, 2022

AMD/Xilinx has released an improved version of its VCK5000 AI inferencing card along with a series of competitive benchmarks aimed directly at Nvidia’s GPU line. AMD says the new VCK5000 has 3x better performance than earlier versions and delivers 2x TCO over Nvidia T4. AMD also showed favorable benchmarks against several Nvidia GPUs, claiming its VCK5000 achieved... Read more…

In Partnership with IBM, Canada to Get Its First Universal Quantum Computer

February 3, 2022

IBM today announced it will deploy its first quantum computer in Canada, putting Canada on a short list of countries that will have access to an IBM Quantum Sys Read more…

Supercomputer Simulations Show How Paxlovid, Pfizer’s Covid Antiviral, Works

February 3, 2022

Just about a month ago, Pfizer scored its second huge win of the pandemic when the U.S. Food and Drug Administration issued another emergency use authorization Read more…

Nvidia Launches Hopper H100 GPU, New DGXs and Grace Superchips

March 22, 2022

The battle for datacenter dominance keeps getting hotter. Today, Nvidia kicked off its spring GTC event with new silicon, new software and a new supercomputer. Speaking from a virtual environment in the Nvidia Omniverse 3D collaboration and simulation platform, CEO Jensen Huang introduced the new Hopper GPU architecture and the H100 GPU... Read more…

PsiQuantum’s Path to 1 Million Qubits

April 21, 2022

PsiQuantum, founded in 2016 by four researchers with roots at Bristol University, Stanford University, and York University, is one of a few quantum computing startups that’s kept a moderately low PR profile. (That’s if you disregard the roughly $700 million in funding it has attracted.) The main reason is PsiQuantum has eschewed the clamorous public chase for... Read more…

Leading Solution Providers

Contributors

Nvidia Dominates MLPerf Inference, Qualcomm also Shines, Where’s Everybody Else?

April 6, 2022

MLCommons today released its latest MLPerf inferencing results, with another strong showing by Nvidia accelerators inside a diverse array of systems. Roughly fo Read more…

D-Wave to Go Public with SPAC Deal; Expects ~$1.6B Market Valuation

February 8, 2022

Quantum computing pioneer D-Wave today announced plans to go public via a SPAC (special purpose acquisition company) mechanism. D-Wave will merge with DPCM Capital in a transaction expected to produce $340 million in cash and result in a roughly $1.6 billion initial market valuation. The deal is expected to be completed in the second quarter of 2022 and the new company will be traded on the New York Stock... Read more…

Intel Announces Falcon Shores CPU-GPU Combo Architecture for 2024

February 18, 2022

Intel held its 2022 investor meeting yesterday, covering everything from the imminent Sapphire Rapids CPUs to the hotly anticipated (and delayed) Ponte Vecchio GPUs. But somewhat buried in its summary of the meeting was a new namedrop: “Falcon Shores,” described as “a new architecture that will bring x86 and Xe GPU together into a single socket.” The reveal was... Read more…

Industry Consortium Forms to Drive UCIe Chiplet Interconnect Standard

March 2, 2022

A new industry consortium aims to establish a die-to-die interconnect standard – Universal Chiplet Interconnect Express (UCIe) – in support of an open chipl Read more…

Julia Update: Adoption Keeps Climbing; Is It a Python Challenger?

January 13, 2021

The rapid adoption of Julia, the open source, high level programing language with roots at MIT, shows no sign of slowing according to data from Julialang.org. I Read more…

Nvidia Defends Arm Acquisition Deal: a ‘Once-in-a-Generation Opportunity’

January 13, 2022

GPU-maker Nvidia is continuing to try to keep its proposed acquisition of British chip IP vendor Arm Ltd. alive, despite continuing concerns from several governments around the world. In its latest action, Nvidia filed a 29-page response to the U.K. government to point out a list of potential benefits of the proposed $40 billion deal. Read more…

Nvidia Acquires Software-Defined Storage Provider Excelero

March 7, 2022

Nvidia has announced that it has acquired Excelero. The high-performance block storage provider, founded in 2014, will have its technology integrated into Nvidia’s enterprise software stack. Nvidia is not disclosing the value of the deal. Excelero’s core product, Excelero NVMesh, offers software-defined block storage via networked NVMe SSDs. NVMesh operates through... Read more…

Google Launches TPU v4 AI Chips

May 20, 2021

Google CEO Sundar Pichai spoke for only one minute and 42 seconds about the company’s latest TPU v4 Tensor Processing Units during his keynote at the Google I Read more…

  • arrow
  • Click Here for More Headlines
  • arrow
HPCwire