Intel to acquire Granulate for about $650Mn

Chip-maker Intel has announced to acquire Granulate Cloud Solutions Ltd, an Israel-based developer of real-time continuous optimisation software for up to $650 million. The transaction is expected to close in the second quarter of 2022.

Granulate's autonomous optimisation service enables cloud and data centre customers to significantly improve the performance of their deployments, reduce operational overhead and lower application costs.

Asaf Ezra, Co-founder and CEO of Granulate, said, “As part of Intel, Granulate will be able to deliver autonomous optimisation capabilities to even more customers globally and rapidly expand its offering with the help of Intel's 19,000 software engineers.”

The acquisition will help cloud and data centre customers to maximise compute workload performance and reduce infrastructure and cloud costs. Intel and Granulate have worked together under a commercial agreement to collaborate on workload optimisation on Xeon deployments.

Sandra Rivera, Executive Vice President and General Manager of the Data centre and AI Group at Intel, said, “Granulate's cutting-edge autonomous optimisation software can be applied to production workloads without requiring the customer to make changes to its code, driving optimised hardware and software value for every cloud and data centre customer.”