IPtronics

History

IPtronics was founded in 2003 and built up by former directors, managers and engineers from Giga A/S, which was acquired by Intel Corporation in 2000 for US$1.25 billion. On June 4, 2013, it was announced that IPtronics was acquired by Mellanox Technologies at a total cash purchase price of approximately $47.5 million, subject to certain adjustments.

Founders and staff

Three former Giga employees, Niels Finseth, Steen Bak Christensen, and Eivind Johansen, co-founded IPtronics. Giga A/S specialized in products for telecommunication and data communication applications, as for example OC-48 and OC-192. Finseth was previously an engineering manager, responsible for all 10 Gbit/s IC product development. Mr. Christensen was also previously an engineering manager, responsible for all 2.5 Gbit/s development. Johansen was a co-founder of Giga (1987) as well, serving as the technical director until the acquisition by Intel, followed by a CTO position at Intel's Optical Component Division (OCD) and being appointed Intel Fellow in 2001, a corporate VP position for his technical leadership in optical communication. In May 2004, Henning Lysdal was recruited as COO, previously high-speed PHY development manager at Intel OCD. Lysdal later became VP of engineering after hiring a dedicated director of operations. Two former colleagues from Giga/Intel, who were at that time CEOs in their respective Danish electronic companies, were recruited to IPtronics. Steen Gundersen came from a position as the CEO of Alight Technologies and Jesper Wolf Bek came from a position as the CEO of Kaleido Technology.

In the beginning, the founders worked together in the garage of Steen Bak Christensen in Roskilde. As the first employee was hired in February 2005, IPtronics moved into new premises outside Roskilde.

Giga had customer support.