PLX Divests 10GBase-T Business, Reduces Expenses, Focuses on Enterprise PCI Express

While reducing overall expenses, PLX’s core research and development center in Sunnyvale will remain focused on the expanding opportunities in the fast-growing data center and cloud services markets with its industry-leading PCI Express portfolio.

“This transaction was a great opportunity for PLX to streamline its business so we can focus on our core PCI Express solutions,” said Ralph Schmitt, president and CEO of PLX. “Aquantia offers compelling, complementary 10 Gigabit Ethernet products, which are an ideal match for placing our products, much of our team and customer activity. It was imperative that we found the right place for our customers to be supported, and no one knows this market and technology better than Aquantia.

“This is a significant step in making PLX profitable on a stand-alone basis, as well as set up the company to be effectively integrated through the pending combination with IDT. We will discuss this and further steps to achieve the reported synergies with IDT in the upcoming third-quarter earnings conference call.”