LSI Buys 3ware
Milpitas-based LSI Corporation, a manufacturer of data storage systems, announced today that it is in a definitive agreement to acquire the assets and intellectual property of 3ware, the RAID adapter business of Applied Micro Circuits Corporation (AMCC). According to LSI, it will pay approximately $20M in cash for 3ware, which develops RAID hardware and adapters for the storage market. LSI said that 3ware will become part of its Engenio storage group.
posted on Monday, April 6, 2009
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