The Register® — Biting the hand that feeds IT

Feeds

Emulex to buy Sierra Logic for $180m

Storage start-up cashes in its chips

Regcast training : Hyper-V 3.0, VM high availability and disaster recovery

Storage guts maker Emulex will buy privately-held chip firm Sierra Logic for $180m in a mixed stock, cash, and debt transfer deal.

Sierra Logic's revenues in 2005 were $15.6m. It has around 70 employees at its Roseville, California, offices. The firm describes its products as "intelligent I/O solutions", which we take to mean "fancy kit for shoehorning cheap SATA drives into high-end fibre channel enterprise storage".

In May it was named by PriceWaterhouseCoopers as one of the 100 fastest-growing new companies in the US.

Emulex CEO Paul Folino said: "This acquisition solidifies Emulex's embedded multi-protocol strategy and is another critical step toward becoming the market leader in the end-to-end embedded storage components market.

"It builds upon our prior acquisition of embedded switch supplier, Vixel, as well as our joint development efforts with Intel. Together, Emulex and Sierra Logic will provide our OEM customers with embedded solutions for the full range of enterprise server and storage systems."

Emulex said the buy would have no impact on its non-GAAP earnings per share for the quarter following completion. The deal has been approved by the two boards and is expected to go through on 30 September. ®

Requirements Checklist for Choosing a Cloud Backup and Recovery Service Provider

More from The Register

Thanks, NSA: Amazon sales of Orwell's 1984 rise 9,500%
Citizens of Oceania bone up on the new reality
Microsoft to open Windows Stores inside 600 Best Buy locations
Product showcases 'must be seen to be believed'
 breaking news
Author Iain (M) Banks falls to cancer at 59
Misses the release of his final work
 breaking news
What did the Lehman Brothers implosion look like to a techie?
Insider tells all about the Gnab Gib at Lehmans
It's official: 'tweet' an English word – not just in the avian sense
If the Oxford English Dictionary says it is so, then it is so
 breaking news
The only Waze is Google: Ad giant tipped to gobble map app 'for $1.3bn'
Pac-Man-satnav-ish upstart in bidding war with Apple, Facebook
 breaking news
1-in-10 e-tomes 'are self-published'... most are 'rubbish' says book ed
Publishing man scoffs at go-it-alone writers, ursines still fouling in forests
 breaking news
Facebook RSS reader said to uncloak June 20
Secret event scooped by Scottish developer?