LSI Corp to Acquire SandForce for $322M
October 27, 2011 12:00 PM
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SandForce makes SSD controllers and more
Today LSI corporation has announced that it has signed an agreement that will see it acquire one of the most commonly used SSD controller companies in the world - SandForce Inc. SandForce controllers are found inside some of the fastest SSDs on the market and the company is always innovating and bringing faster controllers to the market.
“Flash-based solutions are critical for accelerating application performance in servers, storage and client devices,” said Abhi Talwalkar, LSI president and chief executive officer. “Adding SandForce’s technology to LSI’s broad storage portfolio is consistent with our mission to accelerate storage and networking. The acquisition represents a significant, rapidly growing market opportunity for LSI over the next several years.”
LSI has agreed to pay about $322 million in cash and will assume about $48 million in unvested stock options and restricted shares held by SandForce employees. The transaction is expected to close in Q1 2012 and is subject to customary closing conditions. LSI also notes that it expects the purchase to be neutral to non-GAAP earnings in 2012.
SandForce rival Indilinx was
purchased by OCZ Technology
earlier this year.
Michael Raam, SandForce president and CEO, said, “The combination of SandForce and LSI allows us to deliver differentiated solutions in the PCIe flash adapter segment by tightly integrating flash memory and management. In addition, leveraging our flash storage processors with LSI’s comprehensive IP portfolio and leading-edge silicon design platforms will lead to innovative solutions.”
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RE: One question
10/27/2011 4:47:01 PM
LSI Logic. They are well known in IT circles for their logic controllers for server disk IO. A common feature in VMWare is to emulate LSI Logic controllers for broader compatibility.
RE: One question
10/28/2011 9:55:23 AM
I don't think he was looking for a wikipedia copy/paste -- he was making a point that LSI has no presence in the consumer market. Who knows if Sandforce controllers will have any future at all for PC enthusiasts?
RE: One question
10/31/2011 1:14:29 AM
Who the hell said I quoted Wikipedia? Some of us DO have a regular contact with our job and LSI, and know them accordingly. Don't be so quick to judge someone's thought out response as a mere "quote from wikipedia"
Pisses me off when people mislabel me like that. I was answering the question as honestly as I knew how to based on the assumption of an honest question. If it was sarcasm or irony, a wink usually tips me off. Didn't see that here. :P
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