June 1, 2015

Intel Ends The Rumor Mill, Plans To Acquire Altera To Spur Internet of Things Business

"This is really about enhancing Intel's technology and set of intellectual property in the data center," said Todd Swank, senior director of product marketing at Equus Computer Systems, a Minnetonka, Minn.-based system builder. "With the Internet of Things, you're taking a device and adding intelligence to that device. Intel is playing into its strength of building powerful technology to process that data stream being generated from the Internet of Things. I think this will help them be competitive in the future to process that data." 

"This is something Intel had to do," he added. "Companies like Altera are being gobbled up as the benefits of high-end computing become apparent. It makes sense for Intel and it is great for Altera, and it will eventually be a good thing for the channel, though it will take time before we see any benefits. Anything that makes Intel stronger makes its channel stronger."

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http://www.crn.com/news/components-peripherals/300076983/intel-ends-the-rumor-mill-plans-to-acquire-altera-to-spur-internet-of-things-business.htm