M&A Deal Summary

Intel Acquires Nervana Systems

On August 9, 2016, Intel acquired software company Nervana Systems

Acquisition Highlights
  • This is Intel’s 22nd transaction in the Software sector.
  • This is Intel’s 54th transaction in the United States.
  • This is Intel’s 33rd transaction in California.

M&A Deal Summary
Date 2016-08-09
Target Nervana Systems
Sector Software
Buyer(s) Intel
Deal Type Add-on Acquisition
Advisor(s) Allen & Company (Financial)

Target

Nervana Systems

San Diego, California, United States
Nervana Systems, Inc. is a developer of a full-stack deep learning solution that enables organizations of all sizes to quickly build and deploy state-of-the-art deep learning-based AI solutions. Nervana Systems was formed in 2014 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Intel

Santa Clara, California, United States
Category Company
Founded 1968
Sector Semiconductors
Employees130,700
Revenue 54.2B USD (2023)
DESCRIPTION
Entrance to Intel's corporate headquarters in Santa Clara, California.
Entrance to Intel's corporate headquarters in Santa Clara, California.

Intel is a multinational semiconductor chip maker. The Company's products are incorporated into desktop computers, wearables, servers, tablets, smartphones, and other devices. Intel was formed in 1968 and is based in Santa Clara, California.

DEAL STATS #
Overall 80 of 97
Sector (Software) 22 of 29
Type (Add-on Acquisition) 67 of 83
State (California) 33 of 39
Country (United States) 54 of 62
Year (2016) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-25 Itseez

San Francisco, California, United States

Itseez, Inc. is a developer of customized computer vision software and provide consulting services to the industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-05 Movidius

San Mateo, California, United States

Movidius' computational imaging chipsets enable always-on smart capture and continuous vision processing applications for mobile devices. Movidius was formed in 2005 and is based in San Mateo, California.

Buy -
Mergr

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