As businesses struggle to stay afloat during the ongoing pandemic, other companies are making big acquisitions with Intel among the recent ones to do so.
Intel recently acquired one of the best gaming networking card companies Rivet Networks, best known for its good Killer-branded NICs (Network Interface Cards) found in some popular laptop brands like Dell, Alienware, HP, and other manufacturers.
Rivet Networks holds a reputation for manufacturing high-performance network cards for gaming-focused devices that can minimize latency and offer better network traffic for games and other applications.
The technology company has for a decade been a strong competitor to Intel, with its main focus on creating the best possible networking experiences, while also offering a mix of hardware, software, and cloud-based technologies to deliver solutions that are both powerful and intuitive.
Now that Intel has acquired Rivet Networks, it can capitalize on the gaming market, which in turn makes it a strong competitor against other tech companies competing within the same space.
Intel acquires Rivet Networks for an undisclosed price
The acquisition shouldn’t come as surprise, as the two companies share a history together. Intel and Rivet Networks a few years back worked together in developing the Killer Wireless-AC 1550 NIC, with Intel handling the manufacturing, according to Anandtech.
According to Intel’s press release, the Rivet Networks’ Killer brand of products, including its software, will be rolled into its portfolio, which means we could soon see a range of its products came fitted with the Killer-brand.
”Rivet Networks is a terrific complement to our existing Wi-Fi products and helps us further our vision of delivering PC platforms that power every person’s greatest contribution.” – Intel.
”Its team will join our Wireless Solutions Group within the Client Computing Group.” – the press release states.
However, the company hasn’t disclosed the actual sum involved in the acquisition, with not much in details left to offer any clue. Intel has also declined to share the transaction price for the acquisition.
Author: Allan Bangirana
Allan Bangirana has a taste for all kinds of topics and usually writes about tech, entertainment, sports and community projects that make a difference in society.