Voltaire's new revolution: InfiniBand

Posted Jul 11th 2007 3:00PM by Tom Taulli
Filed under: Hewlett-Packard (HPQ), International Business Machines (IBM), Sun Microsystems (JAVA), Initial Public Offerings

So what is InfiniBand? It's cool technology to speed up the transfer of data.

And one of the leaders in the space is Voltaire, which helps improve the performance of data centers.

Now, the company has filed to go public.

The company has struck deals with biggies like IBM (NYSE: IBM), Hewlett-Packard (NYSE: HPQ), Sun Microsystems (NASDAQ: SUNW) and NEC. What's more, Voltaire has about 250 customers.

Revenues have ramped from $15.4 million in 2005 to $30.4 million in 2006. As for Q1 of this year, revenues hit $8.6 million, although the company is still losing money.

So how big is the InfiniBand market? According to a study from IDC, the market for InfiniBand switch ports is expected to grow from $95 million in 2006 to $468 million in 2010.

The lead underwriters on the IPO include JPMorgan and Merrill Lynch. The proposed ticker is VOLT.

You can find the prospectus at the SEC website. And if you want to check out more recent IPOs, click here.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Tags: InfiniBand, initial public offering, InitialPublicOffering, IPO, IPOs, VOLT, Voltaire, Voltaire InfiniBand, Voltaire IPO, VoltaireInfiniband, VoltaireIpo