Intel to buy IPivot

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Santa Clara, Calif.--Intel Corp. has agreed to acquire IPivot, a manufacturer of Internet commerce equipment, in a cash deal valued at about $500 million. The acquisition is the latest in a series of moves Intel has made recently to expand its operations in the booming field of managing Internet traffic and electronic commerce for businesses. The IPivot acquisition is Intel's eighth networking and communications related acquisition overall this year. IPivot, Poway, Calif., will supplement Intel's network equipment and improve the performance of server farms, Web sites and e-commerce applications. Last month, Intel launched a multimillion-dollar campaign to promote its Internet and e-commerce capabilities to businesses.
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