Marvell (MRVL +1.5%) has acquired Xelerated, a Swedish developer of network processing and...

|About: Marvell Technology Group, Ltd. (MRVL)|By:, SA News Editor

Marvell (MRVL +1.5%) has acquired Xelerated, a Swedish developer of network processing and Ethernet switching chips for a variety of telecom equipment. Xelerated, cited by Light Reading as a "key specialist" in the nascent market for processors handling 100-gig links, is a direct rival of EZchip (EZCH -1.4%), and also competes with top Marvell competitor Broadcom (BRCM -1.1%).