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

Jan. 04, 2012 7:09 PM ETMarvell Technology, Inc. (MRVL) StockMRVL, MLNX, AVGOBy: Eric Jhonsa, 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%).

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