Analysis
PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business
PMC-Sierra, Inc. (Nasdaq:PMCS), the premier Internet infrastructure semiconductor solution provider, today announced it has completed the acquisition of the channel storage business from Adaptec, Inc. (Nasdaq:ADPT). The channel storage business includes Adaptec's RAID storage product line, the Adaptec(R) brand, a well-established global value added reseller customer base, board logistics capabilities, and leading SSD cache performance solutions. In accordance with the terms of the transaction announced May 10, 2010, PMC-Sierra paid approximately $34 million in cash for the acquisition and assumed certain liabilities related to the business.
PMC-With the closing of this acquisition, PMC-Sierra now has an established channel storage business and a highly skilled team to address the needs of this segment of the enterprise RAID storage market, said Greg Lang, PMC-Sierra's president and CEO.
Featured products
MAX17793
Analog Devices Inc.
3V to 80V, 3A, High-Efficiency, Synchronous Step-Down DC-DC Converter
| SKU: | MAX17793 |
|---|---|
| Stock: | 9316 |
| Cost: | $3.64 |
MAX22516
Analog Devices Inc.
IO-Link Data Link Controller with Transceiver and Integrated DC-DC
| SKU: | MAX22516 |
|---|---|
| Stock: | 8000 |
| Cost: | $5.42 |
