NETANYA, Israel Startup Voltaire (Herzliya, Israel), which supplies Infiniband-based grid computing technologies, is set for a Nasdaq IPO in the third quarter of 2007, according to reports in Israel.
Voltaire will reportedly raise around $100 million, for a company value of $350-450 million. It has chosen Merrill Lynch and JP Morgan as its the lead managers for the IPO and RBC and Thomas Weisel Partners as co-managers.
Voltaire uses the Infiniband standard to optimize access to data, and to support high-speed communications of up to 40 Gbit/s between the computing units.
The 100-strong startup works with companies like HP, Oracle and IBM. The company focuses on improving data center efficiency by enabling grid computing deployments on commodity server and storage offerings.
Voltaire's family of switching hardware and network virtualization are said to work compute clusters, storage and IP networks.