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Technology Stocks : Mellanox Technologies, Ltd.
MLNX 124.890.0%Apr 27 5:00 PM EST

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From: PaulAquino7/25/2016 11:17:34 AM
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Mellanox Technologies Receives Baidu's Award for Technology Leadership, Drives Company to New Heights in Machine Learning


Last update: 25/07/2016 8:30:00 am

SUNNYVALE, Calif. & YOKNEAM, Israel--(BUSINESS WIRE)--July 25, 2016--

Mellanox(R) Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, announced today it has been honored with the Award for Technology Innovation from global web 2.0 service leader Baidu, Inc. The award recognizes Mellanox's achievements in designing and delivering a high-performance, low latency interconnect technology solution that positively impacts Baidu's business. Mellanox Technologies received the award at the 2016 Baidu Datacenter Partner Conference, Baidu's annual gathering of key datacenter partners, and was the only interconnect provider in this category.

"We are honored to receive this award from Baidu for delivering the most innovative and smart interconnect solution," said Amir Prescher, senior vice president, business development, at Mellanox Technologies. "We have a strong commitment to the China market and believe partnering with Baidu will drive innovation from within both companies, and enable Mellanox Technologies to focus on developing high-speed interconnect solutions to assist Baidu and other web 2.0 and cloud companies to maximize their data center return on investment."

Gartner reports state that beginning in 2009, the cloud market in China has been growing more than 60 percent year over year. The estimate for 2016 should exceed $50 Billion. In order to address this explosive market, Mellanox Technologies set up local offices in China as the markets were expanding and quickly added an R&D center in Beijing. The R&D center focuses on developing customized solutions for local customers including software optimization, switch and NIC features to accelerate performance and better address specific customer environments.

Baidu, Inc., is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best and most equitable way for people to find what they're looking for. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers.

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