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Adaptec

Adaptec, Inc., a company based in Milpitas, California, produced computer storage products until it sold its storage-business operations to PMC-Sierra in 2010.

Type Public
Industry Semiconductors, Storage Industry
Fate Acquired by PMC-Sierra in 2010
Founded 1984 (1984)
Headquarters Sunnyvale, California, USA
Key people CEO, and President: Greg Lang Chairman: Jonathan J. Judge
Employees 1,500 employees: design, technical, marketing and sales teams throughout North America, Europe, Israel and Asia
Website http://www.adaptec.com/

Contents

  • History 1
  • Products 2
  • Sources 3
  • References 4
  • External links 5

History

Larry Boucher founded Adaptec in 1981.[1] At first, Adaptec focused on devices with SCSI interfaces.

On May 10, 2010, PMC-Sierra, Inc. and Adaptec, Inc. announced they had entered into a definitive agreement of PMC-Sierra acquiring Adaptec's channel storage business on May 8, 2010, which included Adaptec's RAID storage product line, the Adaptec brand, a global value added reseller customer base, board logistics capabilities, and SSD cache performance solutions.[2] The transaction was expected to close in approximately 30 days, subject to customary closing conditions.[3] Following the sale, Adaptec would retain its Aristos ASIC technology business, certain real estate assets, more than 200 patents, and approximately $400 million in cash and marketable securities.[4][5]

On June 8, 2010, PMC-Sierra, Inc. and Adaptec, Inc. announced the completion of the acquisition.[6][7] PMC-Sierra renamed the channel storage business "Adaptec by PMC".

Products

Adaptec produced interface products involving SCSI, USB, IEEE 1394, iSCSI, Fibre Channel, and video.[8] Adaptec once produced CD- and DVD-burning software under the brand names of Easy CD Creator and Toast, as well as network-attached storage devices such as the Snap Server product line.

Sources

  • : November 2, 1999 - "Adaptec Looks To Strengthen Data-Storage Line"The New York Times

References

  1. ^ Hunt, Laura (1999-08-16). "Technology flashback: 1981". Computerworld (IDG Enterprise). p. 72.  
  2. ^ "PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business".  
  3. ^ "PMC-Sierra, Form 8-K, Current Report, Filing Date May 10, 2010". secdatabase.com. Retrieved Dec 30, 2012. 
  4. ^ PMC-Sierra Announces Agreement to Acquire the Channel Storage Business From Adaptec
  5. ^ Adaptec Announces $34 Million Sale of RAID Storage Business to PMC-Sierra Inc.
  6. ^ PMC-Sierra Completes Acquisition of Adaptec Channel Storage Business
  7. ^ Adaptec Announces the Completion of the Sale of the Data Storage Business
  8. ^ Miller, Stephen (7 November 2002). "NEWS WATCH: DIGITAL RECORDERS; An Afterlife on Disc For That Fading Video".  

External links

  • Official website
  • ADPT Corporation
  • Steel Excel Inc.
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